Mt Vernon Veterans Home Assistance League

Analysis

Mt Vernon Veterans Home Assistance League is a registered charity in United States, based in Mount Vernon, MO. It received its IRS tax-exemption ruling in July 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Mt Vernon Veterans Home Assistance League reported income of $99k and spending of $99k, spending 99% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $62k to $99k (+60%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Vernon Veterans Home Assistance League sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MO. Charities of a similar size with the same main cause include Timberwolf Support Organization ($99k), Southern Colorado Impact Group Inc ($99k) and You Got This ($99k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Other salaries and wages came to $4,800. At year end it held assets of $746k against liabilities of -$32, net assets of $746k.