New Englands Wounded Veterans Inc

Analysis

New Englands Wounded Veterans Inc is a registered charity in United States, based in Topsfield, MA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, New Englands Wounded Veterans Inc reported income of $155k and spending of $154k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $153k to $155k (+1.5%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 1014%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Englands Wounded Veterans Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include The Tulsa Initiative Inc ($155k), Helping Hands Silicon Valley ($155k) and Lifehouse ($155k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $24k against liabilities of $5,000, net assets of $19k.