Veteran Ink Inc

Analysis

Veteran Ink Inc is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Veteran Ink Inc reported income of $174k and spending of $13k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $174k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 5.1% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Veteran Ink Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Commission on the Publics Health System Inc ($174k), Top O Texas Crisis Pregnancy Center ($174k) and Turning Point Christian Center Inc ($174k).

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 $265k against liabilities of $0, net assets of $265k.