Veterans Trust

Analysis

Veterans Trust is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in February 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 December 2022, Veterans Trust reported income of $149k and spending of $111k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $364k to $149k (-59%), an average of -59% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Veterans Trust sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Chip Hilton Classic Foundation ($149k), Project Share Inc ($149k) and Davidson Cares Inc ($149k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $12k (11% of expenses). At year end it held assets of $155k against liabilities of $599, net assets of $154k.