Lowcountry Veterans Home

Analysis

Lowcountry Veterans Home is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 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 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 January 2024, Lowcountry Veterans Home reported income of $313k and spending of $349k, spending 112% of what it took in. Across the 3 years on record, from January 2022 to January 2024, income fell from $347k to $313k (-9.9%), an average of -5.1% a year. The sharpest change came in the year to January 2023, when income rose by 91%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lowcountry Veterans Home sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include Orange City Area Health Foundation ($313k), Nursetrust Inc ($313k) and Insight Treatment Program Inc ($312k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (28% of expenses). Other salaries and wages came to $63k. At year end it held assets of $665k against liabilities of $344k, net assets of $320k. It reported 9 employees.