Veterans Drop-In Center

Analysis

Veterans Drop-In Center is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Veterans Drop-In Center reported income of $140k and spending of $148k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $140k (+14%), an average of +14% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Veterans Drop-In Center sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Tacoma-Pierce County Affordable Housing Consortium ($140k), Project Own Inc ($140k) and Townsend Housing Inc ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $180k against liabilities of $889, net assets of $179k.