National Veterans Memorial and Museum Foundation

Analysis

National Veterans Memorial and Museum Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, National Veterans Memorial and Museum Foundation reported income of $2.6m and spending of $2.5m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $2.6m (+118%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Veterans Memorial and Museum Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Science Central Inc ($2.6m), Atlanta Jewish Film Society Inc ($2.6m) and Forward Arts Foundation Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $562k, net assets of $452k.