Veterans First Limited

Analysis

Veterans First Limited is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2003, 23 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 2021, Veterans First Limited reported income of $186k and spending of $222k, spending 119% of what it took in. Across the 2 years on record, from December 2019 to December 2021, income fell from $297k to $186k (-37%), an average of -37% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans First Limited sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within AZ. Charities of a similar size with the same main cause include Reservoir Hill Improvement Council Inc ($186k), Siloam Springs Adult Development Center Inc ($186k) and Associated Students of the California Institute of Tech Inc ($186k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (25% of expenses). At year end it held assets of $559k against liabilities of $0, net assets of $559k.