Lady Veterans Connect Inc

Analysis

Lady Veterans Connect Inc is a registered charity in United States, based in Winchester, KY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Lady Veterans Connect Inc reported income of $170k and spending of $231k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $170k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 118%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lady Veterans Connect 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 50th percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Shamokin-Coal Township Public Library Incorporated ($170k), National Institute for Deterrence Studies ($170k) and Assistance League of Amador Valley ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. At year end it held assets of $533k against liabilities of $289k, net assets of $244k.