Loma Linda Veterans Association for Research and Education

Analysis

Loma Linda Veterans Association for Research and Education is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Loma Linda Veterans Association for Research and Education reported income of $3.5m and spending of $4.4m, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $3.5m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Loma Linda Veterans Association for Research and Education sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Community Counseling & Wellness Centers Inc ($3.5m), Lifeflight Foundation ($3.5m) and 1800 Harrison Foundation ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $290k (6.6% of expenses). At year end it held assets of $5.0m against liabilities of $386k, net assets of $4.7m.