Love Our Veterans

Analysis

Love Our Veterans is a registered charity in United States, based in Denver, NC. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Love Our Veterans reported income of $245k and spending of $158k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $245k (+192%), an average of +192% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Love Our Veterans sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Spread the Cheer USA ($245k), Geneva Cancer Auction Inc ($245k) and Eileen Youtie Foundation Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $78k (49% of expenses). At year end it held assets of $87k against liabilities of $0, net assets of $87k.