Huts for Vets

Analysis

Huts for Vets is a registered charity in United States, based in Basalt, CO. It received its IRS tax-exemption ruling in November 2013, 13 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, Huts for Vets reported income of $203k and spending of $297k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $230k to $203k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Huts for Vets 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 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Prison Professors Advocacy Corporation ($203k), Village South Africa ($203k) and Deaf Service Center of Lake County ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (44% of expenses). Other salaries and wages came to $30k. At year end it held assets of $246k against liabilities of -$4,336, net assets of $250k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.