National Association of Veterans Research and Education Foundations

Analysis

National Association of Veterans Research and Education Foundations is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1993, 33 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 September 2023, National Association of Veterans Research and Education Foundations reported income of $794k and spending of $906k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $679k to $794k (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Association of Veterans Research and Education Foundations sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 51st percentile within DC. Charities of a similar size with the same main cause include Friends of the Tybee Theater ($793k), Guam Humanities Council Inc ($794k) and Students Motivated by the Arts ($793k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $167k (18% of expenses). Other salaries and wages came to $199k. At year end it held assets of $1.4m against liabilities of $359k, net assets of $1.0m. It reported 6 employees.