Veterans War Memorial Foundation of Texas

Analysis

Veterans War Memorial Foundation of Texas is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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 War Memorial Foundation of Texas reported income of $60k and spending of $85, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $60k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 271%. Over the whole period it spent 3.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans War Memorial Foundation of Texas sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($60k), The Shepherds Center of Saint Andrews ($60k) and Scenic Valley Swimming Assn Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.