Amvets American Veterans Post 292 I NC

Analysis

Amvets American Veterans Post 292 I NC is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Amvets American Veterans Post 292 I NC reported income of $255k and spending of $251k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $262k to $255k (-2.9%), an average of -0.6% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amvets American Veterans Post 292 I NC sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($255k), Habitat for Humanity International Inc ($255k) and Glendale Educational Foundation ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% of the total. Other salaries and wages came to $84k. At year end it held assets of $230k against liabilities of $9,402, net assets of $220k. It reported 14 employees.