Veterans Defense Project

Analysis

Veterans Defense Project is a registered charity in United States, based in Minneapolis, MN. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veterans Defense Project reported income of $75k and spending of $44k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $75k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Defense Project sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Gratis Healthcare Inc ($75k), PTA Texas Congress ($75k) and Frank Phillips College Development Corporation ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. At year end it held assets of $240k against liabilities of $10k, net assets of $230k.