Final Salute Inc

Analysis

Final Salute Inc is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in January 2011, 15 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 2022, Final Salute Inc reported income of $397k and spending of $517k, spending 130% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $833k to $397k (-52%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Final Salute Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Zeeland Non-Profit Senior Housing Corporation Haven Huis Apartments ($397k), Lulac Haven Incorporated ($397k) and Carol Woods Charitable Fund Inc ($397k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (16% of expenses). At year end it held assets of $458k against liabilities of $150k, net assets of $308k. It reported 2 employees.