Vietnam Veterans of San Diego

Analysis

Vietnam Veterans of San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 1981, 45 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 June 2023, Vietnam Veterans of San Diego reported income of $23.0m and spending of $23.2m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $18.2m to $23.0m (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnam Veterans of San Diego sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Northern Kentucky Community Action Commisson Inc ($23.0m), National Association of Independent Schools Inc ($23.0m) and Central California Child Development Services ($23.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $416k (1.8% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $48.9m against liabilities of $36.7m, net assets of $12.1m. It reported 241 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.