Veterans Research and Education Fou Ndation

Analysis

Veterans Research and Education Fou Ndation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Veterans Research and Education Fou Ndation reported income of $437k and spending of $388k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $384k to $437k (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Veterans Research and Education Fou Ndation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within OK. Charities of a similar size with the same main cause include Southeastern Carolina Crossroads Inc ($437k), Southeast Health Center of Ripley County ($437k) and The New Mexico Center for Nursing Excellence ($437k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $44k (11% of expenses). Other salaries and wages came to $217k. At year end it held assets of $328k against liabilities of $14k, net assets of $314k. It reported 8 employees.