Vets Returning Home Inc

Analysis

Vets Returning Home Inc is a registered charity in United States, based in Roseville, MI. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 September 2023, Vets Returning Home Inc reported income of $646k and spending of $553k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $515k to $646k (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2022, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vets Returning Home Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Charles a Coffin Memorial Fund ($646k), Lyc Concours Corporation ($646k) and Usta Florida Section Foundation Inc ($645k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $76k. At year end it held assets of $1.5m against liabilities of $994k, net assets of $497k. It reported 10 employees.