Veterans Memorial Park of America Inc

Analysis

Veterans Memorial Park of America Inc is a registered charity in United States, based in Whiteville, NC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, 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 Memorial Park of America Inc reported income of $87k and spending of $86k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7,337 to $87k (+1092%), an average of +86% a year. The sharpest change came in the year to December 2020, when income rose by 701%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Memorial Park of America Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Brian Farley Ministries ($87k), S S Huebner Foundation for Insurance Education ($87k) and South Indian Music Academy ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $259k against liabilities of $0, net assets of $259k.