Veterans Executive Corporation to Organize Rehabilitative Services

Analysis

Veterans Executive Corporation to Organize Rehabilitative Services is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Veterans Executive Corporation to Organize Rehabilitative Services reported income of $120k and spending of $140k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $120k (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veterans Executive Corporation to Organize Rehabilitative Services sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Be Loved Transportation ($120k), Friends of the Center ($120k) and Chad Smith Ride for Life ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $16k (12% of expenses). At year end it held assets of $777k against liabilities of $1.4m, net assets of -$646k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.