Worldwide Veterans and Family Services Inc

Analysis

Worldwide Veterans and Family Services Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Worldwide Veterans and Family Services Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $54k to $1.4m (+2490%), an average of +196% a year. The sharpest change came in the year to December 2022, when income rose by 495%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Worldwide Veterans and Family Services Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Olives Lil Angels Learning Center ($1.4m), Jodie Partridge Center ($1.4m) and Immigrant Home Foundation ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.