Minority Veterans of America

Analysis

Minority Veterans of America is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minority Veterans of America reported income of $476k and spending of $463k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $513k to $476k (-7.3%), an average of -2.5% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minority Veterans of America sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Sussex County Community College Foundation ($476k), Second Mile Center ($476k) and Montessori School in Norwich ($476k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $189k (41% of expenses). At year end it held assets of $120k against liabilities of $179, net assets of $120k. It reported 7 employees.