Veterans Memorial Center Inc

Analysis

Veterans Memorial Center Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 1995, 31 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 June 2023, Veterans Memorial Center Inc reported income of $65k and spending of $58k, spending 90% of its income. Across the 2 years on record, from June 2019 to June 2023, income fell from $346k to $65k (-81%), an average of -81% a year. The sharpest change came in the year to June 2023, when income dropped by 81%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Memorial Center Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include PTA North Carolina Congress ($65k), PTA California Congress of Parents Teachers & Students Inc ($65k) and Marshall County Historical Society ($65k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.