Wounded Veterans Relief Fund

Analysis

Wounded Veterans Relief Fund is a registered charity in United States, based in N Palm Beach, FL. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wounded Veterans Relief Fund reported income of $2.0m and spending of $2.4m, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+77%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wounded Veterans Relief Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Mary Bryant Home Association ($2.0m), New Mexico Asian Family Center ($2.0m) and Quality Trust for Individuals with Disabilities Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $105k (4.4% of expenses). Other salaries and wages came to $307k. At year end it held assets of $1.7m against liabilities of $118k, net assets of $1.6m. It reported 9 employees.