Veterans Time to Thrive Inc

Analysis

Veterans Time to Thrive Inc is a registered charity in United States, based in Amsterdam, NY. It received its IRS tax-exemption ruling in March 2021, 5 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 Time to Thrive Inc reported income of $52k and spending of $17k, leaving 67% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $13k to $52k (+284%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 1752%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Time to Thrive Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Historic Deadwood Lead Arts Council ($52k), Theatre Guild of Elk City ($52k) and Friendship Inc ($52k).

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 $49k against liabilities of $0, net assets of $49k.