US Veterans Corps Usvc United States Veterans Corps

Analysis

US Veterans Corps Usvc United States Veterans Corps is a registered charity in United States, based in Fuquayvarina, NC. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2022, US Veterans Corps Usvc United States Veterans Corps reported income of $5.1m and spending of $4.9m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $988k to $5.1m (+416%), an average of +73% a year. The sharpest change came in the year to December 2020, when income rose by 445%. Over the whole period it spent 99% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, US Veterans Corps Usvc United States Veterans Corps sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include East Farmingdale Volunteer Fire Co Inc ($5.1m), Cape Canaveral Volunteer Fire Dept Inc ($5.2m) and Santa Clara Fire Safe Council ($5.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (1.5% of expenses). At year end it held assets of $387k against liabilities of $22k, net assets of $365k. It reported 1 employees.