Racine Area Veterans Inc

Analysis

Racine Area Veterans Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Racine Area Veterans Inc reported income of $81k and spending of $32k, leaving 61% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income grew from $28k to $81k (+189%), an average of +42% a year. The sharpest change came in the year to June 2024, when income rose by 111%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Racine Area Veterans Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within WI. Charities of a similar size with the same main cause include Project Y Theatre Inc ($81k), Hackrva Labs ($81k) and Prairie Music Association ($81k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $624k against liabilities of $69k, net assets of $555k.