Norfolk Veterans Home Foundation Inc

Analysis

Norfolk Veterans Home Foundation Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2024, Norfolk Veterans Home Foundation Inc reported income of $186k and spending of $55k, leaving 70% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $22k to $186k (+736%), an average of +736% a year. The sharpest change came in the year to June 2024, when income rose by 736%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Norfolk Veterans Home Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NE. Charities of a similar size with the same main cause include Junior League of Roanoke Va Inc ($186k), Great Leap Forward ($186k) and Food Specialization Redevelopment Corporation ($186k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $313k against liabilities of $0, net assets of $313k.