William R Gaines Jr Veteran Memoria L Fund Inc

Analysis

William R Gaines Jr Veteran Memoria L Fund Inc is a registered charity in United States, based in Pt Charlotte, FL. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, William R Gaines Jr Veteran Memoria L Fund Inc reported income of $119k and spending of $108k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $45k to $119k (+167%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 484%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, William R Gaines Jr Veteran Memoria L Fund Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Gainesville Athletic Club Inc ($119k), Lumberjack Acquatics Club ($119k) and Pendleton Youth Soccer Association Inc ($119k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% of the total. At year end it held assets of $680k against liabilities of $0, net assets of $680k.