Veterans Relief Network Inc

Analysis

Veterans Relief Network Inc is a registered charity in United States, based in Dyer, IN. It received its IRS tax-exemption ruling in May 2011, 15 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, Veterans Relief Network Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veterans Relief Network Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Developmental Disabilities Management Assistance Inc ($1.3m), Hands of Hope Adoption & Orphan Care Ministry Inc ($1.3m) and Caring House Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (2.3% of expenses). Other salaries and wages came to $22k. It paid $897k in professional fundraising fees. At year end it held assets of $113k against liabilities of $30k, net assets of $83k. It reported 2 employees.