Liberation Veteran Services Inc

Analysis

Liberation Veteran Services Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2016, 10 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 2023, Liberation Veteran Services Inc reported income of $7.5m and spending of $1.2m, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $726k to $7.5m (+930%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 528%. Over the whole period it spent 38% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Liberation Veteran Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Friends of Kansas Christian Home Inc ($7.5m), Crossroads Lousiana Inc ($7.5m) and Monadnock Affordable Housing Corporation ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (8.9% of expenses). Other salaries and wages came to $642k. At year end it held assets of $7.6m against liabilities of $52k, net assets of $7.5m. It reported 27 employees.