Friends of Veterans Inc

Analysis

Friends of Veterans Inc is a registered charity in United States, based in Royal PLM BCH, FL. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Friends of Veterans Inc reported income of $208k and spending of $118k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $208k (+85%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Veterans Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Hidden Opponent Inc ($208k), Ryan Callahan Foundation ($208k) and Sammys Superheroes Foundation ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $61k in professional fundraising fees. At year end it held assets of $258k against liabilities of $149k, net assets of $110k.