Project Vetrelief Inc

Analysis

Project Vetrelief Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 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 (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, Project Vetrelief Inc reported income of $619k and spending of $681k, spending 110% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $99k to $619k (+523%), an average of +150% a year. The sharpest change came in the year to June 2022, when income rose by 585%. 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, Project Vetrelief Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include North Canton Medical Foundation ($619k), South East Metro Sharks Swim Club ($619k) and Hyde County Non Profit Private Transportation Corporation ($619k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $25k. At year end it held assets of $471k against liabilities of $4,496, net assets of $466k.