Veterans Transition Center of California

Analysis

Veterans Transition Center of California is a registered charity in United States, based in Marina, CA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Veterans Transition Center of California reported income of $5.3m and spending of $4.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $5.3m (+105%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Transition Center of California sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($5.3m), Our House Inc ($5.3m) and Mead School for Human Development Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $722k (15% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $12.0m against liabilities of $4.1m, net assets of $7.9m. It reported 69 employees.