Carroll County Veterans Independence Project Inc

Analysis

Carroll County Veterans Independence Project Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in April 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, Carroll County Veterans Independence Project Inc reported income of $239k and spending of $299k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $22k to $239k (+995%), an average of +82% a year. The sharpest change came in the year to December 2020, when income rose by 696%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carroll County Veterans Independence Project Inc 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 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Seeds of Hope Homes Inc ($239k), The Comfort Home Mi ($239k) and Outreach Nation Corp ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (17% of expenses). Other salaries and wages came to $87k. It paid $1,295 in professional fundraising fees. At year end it held assets of $62k against liabilities of $5,344, net assets of $57k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.