Veterans Health and Wellness Foundation Inc

Analysis

Veterans Health and Wellness Foundation Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in October 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, Veterans Health and Wellness Foundation Inc reported income of $74k and spending of $28k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3,610 to $74k (+1947%), an average of +113% a year. The sharpest change came in the year to December 2020, when income rose by 254%. 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 Health and Wellness Foundation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Oregon Volunteer Firefighters Association ($74k), PTA North Carolina Congress ($74k) and Global League of Baptist Evangelism ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. At year end it held assets of $129k against liabilities of $747, net assets of $128k.