National Veteran Business Development Council

Analysis

National Veteran Business Development Council is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Veteran Business Development Council reported income of $2.0m and spending of $2.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $953k to $2.0m (+105%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Veteran Business Development Council sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Parent Booster USA Inc ($2.0m), Idaho College and Career Readiness Academy Incorporated ($2.0m) and Our House Community Investment Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $348k (17% of expenses). Other salaries and wages came to $376k. At year end it held assets of $378k against liabilities of $0, net assets of $378k. It reported 10 employees.