Veterans Changing Services Inc

Analysis

Veterans Changing Services Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in September 2017, 9 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, Veterans Changing Services Inc reported income of $115k and spending of $352k, spending 307% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $115k (+93%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 602%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Veterans Changing Services Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within IN. Charities of a similar size with the same main cause include Seddlemeyer Apartments Inc ($115k), Snyder Union Northumberland Habitat for Humanity ($115k) and JM Apartments ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $512k against liabilities of $95k, net assets of $418k.