Amvets

Analysis

Amvets is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in November 2021, 5 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 July 2023, Amvets reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.2m to $2.9m (-11%), an average of -2.7% a year. The sharpest change came in the year to July 2021, when income rose by 43%. 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, Amvets sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Troops First Foundation Incorporated ($2.9m), Regional Parks Foundation ($2.9m) and Boot Campaign Inc ($2.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $407k. At year end it held assets of $659k against liabilities of $39k, net assets of $620k. It reported 6 employees.