Eurytanian Association Velouchi Inc

Analysis

Eurytanian Association Velouchi Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 1947, 79 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Eurytanian Association Velouchi Inc reported income of $212k and spending of $226k, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $219k to $212k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to May 2023, when income dropped by 29%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eurytanian Association Velouchi Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Charlotte Life Navigators Inc ($212k), Victory Service Dogs Inc ($212k) and Veterans and Athletes United Inc ($212k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 56% of the total. Other salaries and wages came to $19k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 1 employees.