Veterans Strong Community Center Inc

Analysis

Veterans Strong Community Center Inc is a registered charity in United States, based in Bristol, CT. It received its IRS tax-exemption ruling in January 2018, 8 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, Veterans Strong Community Center Inc reported income of $104k and spending of $82k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $104k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Strong Community Center Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within CT. Charities of a similar size with the same main cause include Kiwanis Club of Redlands Foundation ($104k), Koinonia Foundation Inc ($104k) and Rauch Foundation ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.