Amvets Charities Inc

Analysis

Amvets Charities Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in July 1980, 46 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amvets Charities Inc reported income of $259k and spending of $452k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $551k to $259k (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amvets Charities Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Fostering Unity ($259k), Fallbrook Community Youth Baseball Council ($259k) and Pacific Grove Public Library Friends and Foundation ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $2.7m against liabilities of $264k, net assets of $2.4m.