National Veteran Owned Business Association

Analysis

National Veteran Owned Business Association is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Veteran Owned Business Association reported income of $1.1m and spending of $812k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $1.1m (+137%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Veteran Owned Business Association sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include Tri-State Exhibition Center ($1.1m), Circle of Life Treatment Center a NJ Nonprofit Corp ($1.1m) and Hospitality House for Women Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.8% of the total. Other salaries and wages came to $258k. At year end it held assets of $1.4m against liabilities of $128k, net assets of $1.2m. It reported 3 employees.