US Veterans Post 104 Corp

Analysis

US Veterans Post 104 Corp is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, US Veterans Post 104 Corp reported income of $170k and spending of $192k, spending 113% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $85k to $170k (+101%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, US Veterans Post 104 Corp sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Ding Sum Inc ($170k), 100 Club of Rhode Island Inc ($170k) and Friends of Conservation - Friends ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Compensation of current officers, directors and key employees was $2,000 (1.0% of expenses). Other salaries and wages came to $35k. At year end it held assets of $291k against liabilities of $0, net assets of $291k. It reported 9 employees.