Coalition to Salute Americas Heroes Foundation

Analysis

Coalition to Salute Americas Heroes Foundation is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in September 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coalition to Salute Americas Heroes Foundation reported income of $4.5m and spending of $4.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.0m to $4.5m (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coalition to Salute Americas Heroes Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Hartford Symphony Orchestra Inc ($4.5m), Neighborhood Trust Financial Partners Inc ($4.5m) and Our Generation Speaks ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $291k (6.8% of expenses). Other salaries and wages came to $727k. It paid $35k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $603k, net assets of $1.3m. It reported 50 employees.