Veterans in Energy

Analysis

Veterans in Energy is a registered charity in United States, based in Urbandale, IA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Veterans in Energy reported income of $209k and spending of $243k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $209k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Veterans in Energy sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Plainfield Central Business District Management Corporation ($209k), The Potomac Trust Inc ($209k) and World Association for Emergency & Disaster Medicine Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.