Veterans Assistance Foundation Inc

Analysis

Veterans Assistance Foundation Inc is a registered charity in United States, based in Tomah, WI. It received its IRS tax-exemption ruling in February 1995, 31 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 December 2023, Veterans Assistance Foundation Inc reported income of $273k and spending of $291k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $273k (-86%), an average of -39% a year. The sharpest change came in the year to December 2020, when income dropped by 90%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Assistance Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Truman Va Medical Research Foundation ($273k), National Federation of the Blind of Virginia Inc ($273k) and Pennsylvania Land Title Institute ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $1.0m against liabilities of $534k, net assets of $502k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.