Marion County Veterans Helping Veterans Inc

Analysis

Marion County Veterans Helping Veterans Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Marion County Veterans Helping Veterans Inc reported income of $592k and spending of $587k, spending 99% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $428k to $592k (+38%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marion County Veterans Helping Veterans Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Pennypack Farm Education Center for Sustainable Food Systems ($592k), Desormeaux Foundation Inc ($592k) and Xenophon Therapeutic Riding Center ($592k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 1.3% of the total. Other salaries and wages came to $102k. At year end it held assets of $128k against liabilities of $2,623, net assets of $125k. It reported 11 employees.