Support Our Troops Inc

Analysis

Support Our Troops Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in November 2005, 21 years ago. 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, Support Our Troops Inc reported income of $41.6m and spending of $41.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $70.1m to $41.6m (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Support Our Troops Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Baldwin Family Health Care ($41.6m), Lifewell ($41.6m) and Glenridge on Palmer Ranch Inc ($41.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $185k (0.4% of expenses). Other salaries and wages came to $75k. At year end it held assets of $665k against liabilities of $355k, net assets of $310k. It reported 7 employees.