Veterans in Media & Entertainment

Analysis

Veterans in Media & Entertainment is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Veterans in Media & Entertainment reported income of $166k and spending of $153k, spending 92% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $332k to $166k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Veterans in Media & Entertainment sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Sammamish Chinese Shool ($166k), Ird Association Inc ($166k) and Pacific Northwest Truck Museum ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.