Castle Veterans Organization

Analysis

Castle Veterans Organization is a registered charity in United States, based in Atwater, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. 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, Castle Veterans Organization reported income of $82k and spending of $51k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $82k (+185%), an average of +185% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Castle Veterans Organization sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($82k), Little League Baseball Inc ($82k) and Legatus ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.4% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.