Veterans Care Network

Analysis

Veterans Care Network is a registered charity in United States, based in Hilliard, OH. It received its IRS tax-exemption ruling in March 2003, 23 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 2024, Veterans Care Network reported income of $655k and spending of $672k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $513k to $655k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Care Network sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Home at Last Inc ($655k), Homes for Heroes Inc ($655k) and Southwestern Oregon Community College Foundation Inc ($655k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $92k (14% of expenses). Other salaries and wages came to $192k. At year end it held assets of $752k against liabilities of $81k, net assets of $672k. It reported 6 employees.