Veterans Connected

Analysis

Veterans Connected is a registered charity in United States, based in Brighton, MI. It received its IRS tax-exemption ruling in February 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veterans Connected reported income of $125k and spending of $274k, spending 219% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $125k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Connected sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($125k), Los Angeles Intergroup of Overeaters Anonymous Inc ($125k) and Lake Park High School Educational Foundation ($125k).

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 $53k against liabilities of $0, net assets of $53k.