Veterans Memorial & Support Foundation of Los Gatos

Analysis

Veterans Memorial & Support Foundation of Los Gatos is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Veterans Memorial & Support Foundation of Los Gatos reported income of $115k and spending of $66k, leaving 43% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $272k to $115k (-58%), an average of -25% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Veterans Memorial & Support Foundation of Los Gatos sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Sweet Adelines International ($115k), Main Street Live Ltd ($115k) and Northwoods Music Collaborative Inc ($115k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $251k, net assets of $1.0m.