Benefit the Vets

Analysis

Benefit the Vets is a registered charity in United States, based in Worthington, IA. It received its IRS tax-exemption ruling in February 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, Benefit the Vets reported income of $94k and spending of $19k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $94k (+99%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benefit the Vets sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include Music for Food Inc ($94k), Ferndale Volunteer Fire Department ($94k) and Little League Baseball Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 1.6% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.