Veterans of Foreign Wars National Home for Children

Analysis

Veterans of Foreign Wars National Home for Children is a registered charity in United States, based in Eaton Rapids, MI. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Veterans of Foreign Wars National Home for Children reported income of $7.5m and spending of $6.6m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.6m to $7.5m (+65%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veterans of Foreign Wars National Home for Children sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Kern Bridges Youth Homes ($7.5m), Huckleberry Youth Programs Inc ($7.5m) and YWCA Greater Harrisburg ($7.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $181k (2.8% of expenses). Other salaries and wages came to $2.2m. It paid $84k in professional fundraising fees. At year end it held assets of $24.2m against liabilities of $952k, net assets of $23.3m. It reported 69 employees.