Gen Richard G Stilwell Korean War Veterans Memorial Foundation

Analysis

Gen Richard G Stilwell Korean War Veterans Memorial Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 2003, 23 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 December 2023, Gen Richard G Stilwell Korean War Veterans Memorial Foundation reported income of $57k and spending of $541k, spending 945% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $962k to $57k (-94%), an average of -51% a year. The sharpest change came in the year to December 2021, when income rose by 855%. Over the whole period it spent 12% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gen Richard G Stilwell Korean War Veterans Memorial Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Portage School District No 1 Trust No 364 ($57k), Korean American Association of San Diego ($57k) and Conejo Future Foundation ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 280% of the total. Compensation of current officers, directors and key employees was $131k (24% of expenses). Other salaries and wages came to $166k. At year end it held assets of $29.4m against liabilities of $5.6m, net assets of $23.9m. It reported 6 employees.