Michael R McNulty Center for Veteran Entrepreneurial Activity

Analysis

Michael R McNulty Center for Veteran Entrepreneurial Activity is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. 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 April 2023, Michael R McNulty Center for Veteran Entrepreneurial Activity reported income of $429k and spending of $379k, spending 88% of its income. Across the 3 years on record, from April 2021 to April 2023, income grew from $404k to $429k (+6.3%), an average of +3.1% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michael R McNulty Center for Veteran Entrepreneurial Activity sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Association of School Business Officials International ($429k), Road Runners Club of America ($429k) and Eastport Arts Center ($429k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $93k (25% of expenses). Other salaries and wages came to $119k. At year end it held assets of $284k against liabilities of $15k, net assets of $269k. It reported 4 employees.