Homeless Veterans Services of Dallas Inc

Analysis

Homeless Veterans Services of Dallas Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Homeless Veterans Services of Dallas Inc reported income of $282k and spending of $294k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $282k (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeless Veterans Services of Dallas Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Mineral Lake Lions Foundation ($282k), Tranzmission Inc ($282k) and Wheat Quality Council ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $18k (6.2% of expenses). Other salaries and wages came to $27k. At year end it held assets of $363k against liabilities of $36k, net assets of $327k.