Veterans in Business Network

Analysis

Veterans in Business Network is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Business Network reported income of $1.0m and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $1.0m (+188%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans in Business Network sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Centro Humanitario Para Los Trabajadores ($1.0m), Community Financial Resources ($1.0m) and Habitat for Humanity International Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $100k (9.4% of expenses). Other salaries and wages came to $77k. It paid $5,301 in professional fundraising fees. At year end it held assets of $183k against liabilities of $209, net assets of $183k. It reported 2 employees.