Veterans of Foreign Wars Foundation

Analysis

Veterans of Foreign Wars Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 August 2024, Veterans of Foreign Wars Foundation reported income of $7.3m and spending of $4.7m, leaving 35% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income grew from $4.5m to $7.3m (+63%), an average of +10% a year. The sharpest change came in the year to August 2020, when income rose by 123%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Veterans of Foreign Wars Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include Washington Greene County Job Training Agency Inc ($7.3m), Opportunity South Carolina ($7.3m) and Echelon Community Services ($7.2m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $111k (2.4% of expenses). Other salaries and wages came to $418k. At year end it held assets of $23.1m against liabilities of $328k, net assets of $22.8m.