Veteran Empowerment Neighborhoods

Analysis

Veteran Empowerment Neighborhoods is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 2012, 14 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, Veteran Empowerment Neighborhoods reported income of $160k and spending of $92k, leaving 43% of income unspent that year. Across the 4 years on record, from December 2018 to December 2023, income grew from $103k to $160k (+55%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veteran Empowerment Neighborhoods sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Senior Care Resource Foundation Corp ($160k), Luis Zendejas Foundation ($160k) and Ladies of Charity of Saint Vincent Depaul Diocese of Salt Lake City I ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $15k (17% of expenses). Other salaries and wages came to $4,725. At year end it held assets of $633k against liabilities of $352k, net assets of $281k. It reported 2 employees.