Missouris National Veterans Memorial

Analysis

Missouris National Veterans Memorial is a registered charity in United States, based in Perryville, MO. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Missouris National Veterans Memorial reported income of $620k and spending of $796k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $620k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 53%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Missouris National Veterans Memorial sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within MO. Charities of a similar size with the same main cause include Concordant Publishing Concern ($620k), Carolina Philharmonic Inc ($620k) and Honor Flight Kern County ($620k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Other salaries and wages came to $187k. At year end it held assets of $4.9m against liabilities of $2.3m, net assets of $2.6m. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.