Veterans Stand Together

Analysis

Veterans Stand Together is a registered charity in United States, based in South Gate, CA. It received its IRS tax-exemption ruling in March 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Veterans Stand Together reported income of $340k and spending of $327k, spending 96% of its income. Across the 2 years on record, from June 2021 to June 2022, income grew from $56k to $340k (+509%), an average of +509% a year. The sharpest change came in the year to June 2022, when income rose by 509%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Stand Together sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Community Veterinary Center ($340k), Coastal Symphony of Georgia Inc ($340k) and Butte Symphony Association ($340k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $31k (9.6% of expenses). Other salaries and wages came to $15k. At year end it held assets of $95k against liabilities of $29k, net assets of $66k. It reported 3 employees.