Central Texas Veterans Research Foundation

Analysis

Central Texas Veterans Research Foundation is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 August 2023, Central Texas Veterans Research Foundation reported income of $1.1m and spending of $1.3m, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.5m to $1.1m (-27%), an average of -7.6% a year. The sharpest change came in the year to August 2022, when income dropped by 28%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Texas Veterans Research Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Coachsafely Foundation ($1.1m), Healing Arts Institute of South Florida Inc ($1.1m) and Harbor Counseling Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (5.6% of expenses). Other salaries and wages came to $843k. At year end it held assets of $1.3m against liabilities of $53k, net assets of $1.2m. It reported 17 employees.