Sierra Veterans Research and Education Foundation

Analysis

Sierra Veterans Research and Education Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sierra Veterans Research and Education Foundation reported income of $360k and spending of $460k, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $201k to $360k (+79%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 247%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sierra Veterans Research and Education Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within NV. Charities of a similar size with the same main cause include Asc Quality Collaboration Inc ($360k), New Hampshire Lawyers Assistance Program ($360k) and Carefirst Carolina Foundation Inc ($360k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $367k. At year end it held assets of $409k against liabilities of $2,624, net assets of $407k.