Veterans Council of Indian River County

Analysis

Veterans Council of Indian River County is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Veterans Council of Indian River County reported income of $402k and spending of $508k, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $439k to $402k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to September 2022, when income dropped by 25%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Veterans Council of Indian River County sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Casey Tibbs Foundation ($402k), Historic Augusta Inc ($402k) and PAC 14 Inc ($401k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $229k. At year end it held assets of $201k against liabilities of $11k, net assets of $190k. It reported 6 employees.