South Florida Veterans Affairs Foundation for Research & Educaton

Analysis

South Florida Veterans Affairs Foundation for Research & Educaton is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Florida Veterans Affairs Foundation for Research & Educaton reported income of $3.0m and spending of $2.0m, leaving 33% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $3.0m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to September 2022, when income dropped by 25%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Florida Veterans Affairs Foundation for Research & Educaton sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Boys and Girls Clubs of Edinburg Rio Grande Valley Inc ($3.0m), Hawaii Health Information Exchange ($3.0m) and Centro Romero ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $7.9m against liabilities of $1.1m, net assets of $6.8m. It reported 37 employees.