Downriver for Veterans

Analysis

Downriver for Veterans is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, Downriver for Veterans reported income of $197k and spending of $194k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $157k to $197k (+25%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downriver for Veterans sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Lewis County Historical Society ($197k), Covington Youth Soccer Association Inc ($197k) and India Heritage Society ($197k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. It paid $39k in professional fundraising fees. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 1 employees.