Operation Vest Inc

Analysis

Operation Vest Inc is a registered charity in United States, based in Brightwaters, NY. 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 (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, Operation Vest Inc reported income of $65k and spending of $67k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $65k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operation Vest Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include North Fork Audubon Society ($65k), PTA Ohio Congress ($65k) and Friends of the Randolph Public Library ($65k).

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 $69k against liabilities of $1,535, net assets of $68k.