Nineline Veterans Services

Analysis

Nineline Veterans Services is a registered charity in United States, based in Fife, WA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. 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, Nineline Veterans Services reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $516k to $1.6m (+211%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 290%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nineline Veterans Services sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Aitkin County Developmental Achievement Center Inc ($1.6m), Maryland Agricultural Education ($1.6m) and Smith Academy for Excellence Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $81k (5.1% of expenses). Other salaries and wages came to $595k. At year end it held assets of $190k against liabilities of $23k, net assets of $168k. It reported 35 employees.