Military Officers Benevolent Corporation

Analysis

Military Officers Benevolent Corporation is a registered charity in United States, based in Sun City Center, FL. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Military Officers Benevolent Corporation reported income of $176k and spending of $222k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $176k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Military Officers Benevolent Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Friends of St Malachy Incorporated ($176k), Tom Vanderpol Memorial Fund Inc ($176k) and My Neighbors Foundation Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $59k (27% of expenses). Other salaries and wages came to $2,000. At year end it held assets of $3.8m against liabilities of $169k, net assets of $3.6m. It reported 2 employees.