We the Veterans Foundation

Analysis

We the Veterans Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, We the Veterans Foundation reported income of $1.1m and spending of $739k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $712k to $1.1m (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We the Veterans Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Green Beret Project ($1.1m), Northeast Kansas Transit Council Inc ($1.1m) and Jewish Community Services of Hawaii ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $163k (22% of expenses). Other salaries and wages came to $118k. At year end it held assets of $618k against liabilities of $70k, net assets of $548k. It reported 6 employees.