Salute Veterans

Analysis

Salute Veterans is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Salute Veterans reported income of $122k and spending of $126k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $107k to $122k (+13%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salute Veterans sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Community Assistance Center Inc ($122k), Tamil Manram ($122k) and Terra Cultura ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.