Center for Veterans Research and Education

Analysis

Center for Veterans Research and Education is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center for Veterans Research and Education reported income of $8.3m and spending of $8.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $8.3m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center for Veterans Research and Education sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Metropolitan Center for Mental Health Inc ($8.3m), Simpson Memorial Home Inc ($8.3m) and South Shore Child Association Incorporated ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $157k (2.0% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $7.0m against liabilities of $1.9m, net assets of $5.1m. It reported 72 employees.