Wounded Soldiers of the Republic of Vietnam

Analysis

Wounded Soldiers of the Republic of Vietnam is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in October 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 (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, Wounded Soldiers of the Republic of Vietnam reported income of $67k and spending of $62k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $160k to $67k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wounded Soldiers of the Republic of Vietnam sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Future Farmers of America State Associations & Local Chapter ($67k), Chippewa Falls Youth Football Inc ($67k) and PTA California Congress of Parents Teachers & Students Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,639 against liabilities of $0, net assets of $6,639.