Veterans Entrepreneurship Initiative

Analysis

Veterans Entrepreneurship Initiative is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover unknown, 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 Entrepreneurship Initiative reported income of $441k and spending of $448k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $276k to $441k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Entrepreneurship Initiative sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include American Risk & Insurance Assn Inc ($441k), Otsego 2000 Inc ($441k) and Multiple Sclerosis Handicapped Housing Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $33k. At year end it held assets of $86k against liabilities of $7,864, net assets of $78k. It reported 1 employees.