Veterans Club Inc

Analysis

Veterans Club Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2019, 7 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, Veterans Club Inc reported income of $366k and spending of $353k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $410k to $366k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Club Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Morris Calvary ($366k), New Jersey Association of State College and Universities Inc ($366k) and RHF 202-Ii Housing Hawaii Inc ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). At year end it held assets of $463k against liabilities of $191, net assets of $462k.