Veteran Business Project Inc

Analysis

Veteran Business Project Inc is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in August 2018, 8 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, Veteran Business Project Inc reported income of $995k and spending of $298k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $21k to $995k (+4577%), an average of +4577% a year. The sharpest change came in the year to December 2023, when income rose by 4577%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veteran Business Project Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include St Mary Council on Aging Inc ($995k), Eden Prairie Foxjet Swim Team ($996k) and American Friends of Neve Shalom-Wahat Al-Salam ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $118k (39% of expenses). Other salaries and wages came to $25k. At year end it held assets of $719k against liabilities of $12k, net assets of $706k. It reported 3 employees.