United States Veterans Initiative

Analysis

United States Veterans Initiative is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United States Veterans Initiative reported income of $95.3m and spending of $87.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.2m to $95.3m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United States Veterans Initiative sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Go Kids Inc ($95.2m), Young Mens Christian Association of Greater Boston Inc ($95.7m) and The Task Force for Global Health Inc ($95.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $2.1m (2.4% of expenses). Other salaries and wages came to $30.2m. At year end it held assets of $64.0m against liabilities of $41.9m, net assets of $22.0m. It reported 724 employees.