Connect Vets

Analysis

Connect Vets is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Connect Vets reported income of $75k and spending of $43k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $75k (+13%), an average of +12% a year. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connect Vets 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 29th percentile, and in the 25th percentile within AK. Charities of a similar size with the same main cause include Little Star Day Care Inc ($75k), Pioneer Electric Cooperative Charitable Foundation ($75k) and Thankful Ones ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $97k against liabilities of $10k, net assets of $87k.