Impacting Veterans Lives Inc

Analysis

Impacting Veterans Lives Inc is a registered charity in United States, based in North Chicago, IL. It received its IRS tax-exemption ruling in November 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 December 2023, Impacting Veterans Lives Inc reported income of $3.0m and spending of $2.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $3.0m (+330%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 206%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Impacting Veterans Lives Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Omaha Christian Academy ($3.0m), Summit School Inc ($3.0m) and Minnesota Council on Foundations ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $106k (4.1% of expenses). Other salaries and wages came to $12k. At year end it held assets of $1.7m against liabilities of $225k, net assets of $1.5m. It reported 4 employees.