Greater Los Angeles Veterans Research & Education Foundation

Analysis

Greater Los Angeles Veterans Research & Education Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Greater Los Angeles Veterans Research & Education Foundation reported income of $8.0m and spending of $7.2m, spending 90% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $5.5m to $8.0m (+44%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Los Angeles Veterans Research & Education Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Dignity Hospice of Southern West Virginia Inc ($8.0m), Interoperability Institute LLC ($8.0m) and Empire State Medical Scientific and Educational Foundation Inc ($8.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $1.6m (22% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.3m against liabilities of $1.6m, net assets of $6.7m. It reported 99 employees.