Brevard Veterans Memorial Center Inc

Analysis

Brevard Veterans Memorial Center Inc is a registered charity in United States, based in Merritt Is, FL. It received its IRS tax-exemption ruling in July 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brevard Veterans Memorial Center Inc reported income of $183k and spending of $135k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $222k to $183k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brevard Veterans Memorial Center Inc 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 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Mela Foundation Inc ($183k), Salmon Brook Historical Society Incorporated ($183k) and Helena Tourism Alliance ($183k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 38% of the total. At year end it held assets of $416k against liabilities of $4,268, net assets of $412k.