Veterans Education Success Inc

Analysis

Veterans Education Success Inc is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in November 2013, 13 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, Veterans Education Success Inc reported income of $2.0m and spending of $1.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $2.0m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 300%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Education Success Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Nehemiah Project Community Development Corporation ($2.0m), Endless Options Inc ($2.0m) and Youth for Christ USA Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $186k (12% of expenses). Other salaries and wages came to $693k. At year end it held assets of $3.7m against liabilities of $13k, net assets of $3.7m. It reported 11 employees.