Alpha Omega Veterans Services Inc

Analysis

Alpha Omega Veterans Services Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Alpha Omega Veterans Services Inc reported income of $3.7m and spending of $3.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.7m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alpha Omega Veterans Services Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Assessment & Treatment Alternatives Inc ($3.7m), Macular Degeneration Association ($3.7m) and Friendzy Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $105k (3.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $13.3m against liabilities of $2.4m, net assets of $10.9m. It reported 38 employees.