Veterans Education Training & Support Inc

Analysis

Veterans Education Training & Support Inc is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Veterans Education Training & Support Inc reported income of $795k and spending of $810k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $795k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veterans Education Training & Support Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Sustainable Agricultural Solutions ($795k), Smoky Hill Child Care Foundation ($795k) and Petoskey Montessori Childrens House ($795k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $60k (7.4% of expenses). Other salaries and wages came to $46k. At year end it held assets of $491k against liabilities of $355k, net assets of $135k. It reported 19 employees.