American Legion Veterans Housing Inc

Analysis

American Legion Veterans Housing Inc is a registered charity in United States, based in Jewett City, CT. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, American Legion Veterans Housing Inc reported income of $249k and spending of $342k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $249k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, American Legion Veterans Housing Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Tri-Cities Terrace II ($249k), Admiral Housing ($249k) and Jordan Bay Place ($249k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $50k. At year end it held assets of $4.9m against liabilities of $5.4m, net assets of -$464k.

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.