California Veterans Assistance Foundation Inc

Analysis

California Veterans Assistance Foundation Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in September 2003, 23 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, California Veterans Assistance Foundation Inc reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.3m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, California Veterans Assistance Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Serv Foundation Inc ($3.3m), Community Support Programs Inc ($3.3m) and Pettengill House ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $122k (3.6% of expenses). Other salaries and wages came to $781k. At year end it held assets of $2.7m against liabilities of $576k, net assets of $2.1m. It reported 26 employees.