Paralyzed Veterans of America

Analysis

Paralyzed Veterans of America is a registered charity in United States, based in Brighton, MI. It received its IRS tax-exemption ruling in October 1955, 71 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 September 2023, Paralyzed Veterans of America reported income of $290k and spending of $391k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $318k to $290k (-8.7%), an average of -2.3% a year. The sharpest change came in the year to September 2021, when income rose by 48%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paralyzed Veterans of America sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Innovative Preschool Incorporated ($290k), Operation Understanding DC ($290k) and South Florida Progress Foundation Inc ($290k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $80k (20% of expenses). Other salaries and wages came to $70k. At year end it held assets of $1.3m against liabilities of $23k, net assets of $1.3m. It reported 4 employees.