National Veterans Foundation Inc

Analysis

National Veterans Foundation Inc is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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, National Veterans Foundation Inc reported income of $2.2m and spending of $1.9m, spending 87% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $401k to $2.2m (+446%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 236%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Veterans Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Church Service Center Inc ($2.2m), American Society for the Protection of Nature Israel Inc ($2.2m) and Ephrata Recreation Center ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $105k (5.5% of expenses). Other salaries and wages came to $355k. At year end it held assets of $2.6m against liabilities of $134k, net assets of $2.5m. It reported 9 employees.