Foundation for Atlanta Veterans Education and Research Inc

Analysis

Foundation for Atlanta Veterans Education and Research Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in November 1989, 37 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Atlanta Veterans Education and Research Inc reported income of $13.7m and spending of $15.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $13.7m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Atlanta Veterans Education and Research Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include By the Hand Club for Kids ($13.7m), Kings Bay Ym-Ywha Inc ($13.7m) and Education Northwest ($13.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $138k (0.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $11.2m against liabilities of $5.8m, net assets of $5.4m. It reported 67 employees.