Vets Veterans Exploring Treatment Solutions Inc

Analysis

Vets Veterans Exploring Treatment Solutions Inc is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Vets Veterans Exploring Treatment Solutions Inc reported income of $1.8m and spending of $2.8m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $1.8m (+691%), an average of +68% a year. The sharpest change came in the year to December 2021, when income rose by 488%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vets Veterans Exploring Treatment Solutions Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Nami Tennessee ($1.8m), Community Free Clinic of Decatur- Morgan County Inc ($1.8m) and Franklin County Community Care ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 115% of the total. Compensation of current officers, directors and key employees was $160k (5.8% of expenses). Other salaries and wages came to $525k. At year end it held assets of $5.6m against liabilities of $46k, net assets of $5.5m. It reported 9 employees.