Vets Helping Vets Anderson

Analysis

Vets Helping Vets Anderson is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in June 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vets Helping Vets Anderson reported income of $467k and spending of $92k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $467k (+161%), an average of +161% a year. The sharpest change came in the year to December 2023, when income rose by 161%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vets Helping Vets Anderson sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Riverhill Foundation Inc ($467k), Triton Hose Co of Tunkhannock No 1 ($467k) and Monhegan Historial & Cultural Museum Association ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $476k against liabilities of $65, net assets of $476k.