Vietnam Veterans Memorial Fund Inc

Analysis

Vietnam Veterans Memorial Fund Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in May 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Vietnam Veterans Memorial Fund Inc reported income of $11.2m and spending of $7.3m, leaving 35% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.7m to $11.2m (-4.2%), an average of -1.1% a year. The sharpest change came in the year to September 2020, when income dropped by 48%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vietnam Veterans Memorial Fund Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Great Lakes Center for the Arts ($11.2m), Louisville Theatrical Association ($11.2m) and Society for Advancement of Chicanos & Native Americans in Science Inc ($11.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $288k (4.0% of expenses). Other salaries and wages came to $1.2m. It paid $362k in professional fundraising fees. At year end it held assets of $17.4m against liabilities of $634k, net assets of $16.7m. It reported 20 employees.