Friends of Veterans Inc

Analysis

Friends of Veterans Inc is a registered charity in United States, based in White Riv JCT, VT. It received its IRS tax-exemption ruling in June 2014, 12 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 (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, Friends of Veterans Inc reported income of $151k and spending of $148k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $151k (+14%), an average of +14% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Veterans Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 38th percentile within VT. Charities of a similar size with the same main cause include North Country R I D E ($151k), Pleasant Grove Missionary Church ($151k) and North Florida Inland Long Term Recovery Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.