Veteran Advocacy Project Inc

Analysis

Veteran Advocacy Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Veteran Advocacy Project Inc reported income of $1.1m and spending of $774k, leaving 30% of income unspent that year. Across the 2 years on record, from June 2020 to June 2023, income grew from $168k to $1.1m (+558%), an average of +558% a year. The sharpest change came in the year to June 2023, when income rose by 558%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Veteran Advocacy Project Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Jackson Lewis Foundation ($1.1m), Wescom Foundation ($1.1m) and Casa of Floyd County Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $130k (17% of expenses). Other salaries and wages came to $389k. At year end it held assets of $2.0m against liabilities of $49k, net assets of $1.9m. It reported 9 employees.