Disabled Veterans Charities Inc

Analysis

Disabled Veterans Charities Inc is a registered charity in United States, based in Victorville, CA. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Disabled Veterans Charities Inc reported income of $1.1m and spending of $1.2m, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $501k to $1.1m (+115%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Disabled Veterans Charities Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Local 99-99a International Union of Operating Engineers Joint Apprenti ($1.1m), Borough of Manhattan Community College Auxiliary Enterprises Corp ($1.1m) and Villa Rosa Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% of the total. Compensation of current officers, directors and key employees was $130k (11% of expenses). Other salaries and wages came to $267k. At year end it held assets of $4.3m against liabilities of $1.1m, net assets of $3.2m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.