Veterans Moving Forward Inc

Analysis

Veterans Moving Forward Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in September 2010, 16 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, Veterans Moving Forward Inc reported income of $644k and spending of $549k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $644k (+99%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veterans Moving Forward Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Athens Thrift Store Inc ($644k), Meals on Wheels of West Los Angeles Inc ($645k) and Going Global ($644k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $133k (24% of expenses). Other salaries and wages came to $192k. At year end it held assets of $899k against liabilities of $207k, net assets of $692k. It reported 5 employees.