Friends of the Veterans Monument

Analysis

Friends of the Veterans Monument is a registered charity in United States, based in Shingle SPGS, CA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover mutual and membership 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 2022, Friends of the Veterans Monument reported income of $96k and spending of $44k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2019 to December 2022, income grew from $53k to $96k (+81%), an average of +81% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Veterans Monument 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 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Doctors for Disaster Preparedness Inc ($96k), Game Genius Inc ($96k) and Pewaukee Scholarship Fund Inc ($96k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.