Lynchburg Area Veterans Council Inc

Analysis

Lynchburg Area Veterans Council Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in July 2015, 11 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 December 2023, Lynchburg Area Veterans Council Inc reported income of $63k and spending of $47k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $63k (-69%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lynchburg Area Veterans Council Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Retained Lives ($63k), Hidden Hollow Farm Riding Center Inc ($63k) and KJSJ Foundation ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.