Veterans Empowerment Organization of Georgia Inc

Analysis

Veterans Empowerment Organization of Georgia Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Veterans Empowerment Organization of Georgia Inc reported income of $4.6m and spending of $2.2m, leaving 52% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.0m to $4.6m (+53%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Empowerment Organization of Georgia Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Sedona Airport Administration ($4.6m), Historical Society of Pennsylvania ($4.7m) and Via Link Inc ($4.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $280k (13% of expenses). Other salaries and wages came to $629k. At year end it held assets of $7.7m against liabilities of $2.2m, net assets of $5.5m. It reported 27 employees.