Aid Our Veterans Inc

Analysis

Aid Our Veterans Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aid Our Veterans Inc reported income of $142k and spending of $125k, spending 88% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $291k to $142k (-51%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aid Our Veterans Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Learfield Family Fund ($142k), South Eastern Arizona Sportsman Club Inc ($142k) and Alpha House a Place for New Beginnings ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $36k, net assets of -$13k.