Piedmont Area Veterans Council Inc

Analysis

Piedmont Area Veterans Council Inc is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in September 2017, 9 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, Piedmont Area Veterans Council Inc reported income of $58k and spending of $82k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $313k to $58k (-81%), an average of -34% a year. The sharpest change came in the year to December 2022, when income rose by 350%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piedmont Area Veterans Council Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($58k), Ridge Area Arc Foundation ($58k) and Food for the Hungry Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $546k against liabilities of $202k, net assets of $343k. It reported 4 employees.