U S Merchant Marine Veterans of World War II

Analysis

U S Merchant Marine Veterans of World War II is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in April 1994, 32 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, U S Merchant Marine Veterans of World War II reported income of $54k and spending of $273k, spending 509% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $54k (-82%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U S Merchant Marine Veterans of World War II sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Operation Strength Inc ($54k), Kings Regional Traditional Folk Arts Inc ($54k) and Park Cities Learning Differences Association ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. At year end it held assets of $961k against liabilities of $868k, net assets of $93k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.