Amvets National Service Foundation

Analysis

Amvets National Service Foundation is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 2004, 22 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 August 2023, Amvets National Service Foundation reported income of $16.8m and spending of $19.4m, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $18.5m to $16.8m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to August 2021, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amvets National Service Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Sagamore Inc ($16.8m), Great Lakes Behavioral Research Institute ($16.8m) and Community Action Programs Inter-City Inc ($16.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $330k (1.7% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $33.2m against liabilities of $13.7m, net assets of $19.5m. It reported 493 employees.