George T Veal Memorial Fund

Analysis

George T Veal Memorial Fund is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 1951, 75 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, George T Veal Memorial Fund reported income of $69k and spending of $67k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $69k (+15%), an average of +3.5% a year. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, George T Veal Memorial Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Chino Cowboy Huddle ($69k), American Friends of Kollel Ohr Yosef ($69k) and Sertoma Inc ($69k).

At year end it held assets of $497k against liabilities of $0, net assets of $497k.