Paralyzed Veterans of America

Analysis

Paralyzed Veterans of America is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in October 1955, 71 years ago. 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, Paralyzed Veterans of America reported income of $631k and spending of $708k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $421k to $631k (+50%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paralyzed Veterans of America sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Pine Riverbackus Family Council ($631k), Snohomish Affordable Housing Group a Non Profit Corporation ($632k) and Wyland Foundation ($631k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $191k. At year end it held assets of $1.2m against liabilities of $9,495, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.