Iraq And Afghanistan Veterans Of America Inc
Iraq And Afghanistan Veterans Of America Inc faces declining revenue and consistent operating deficits.
EIN: 201664531 · Washington, DC · NTEE: P20 · Updated: 2026-03-28
Is Iraq And Afghanistan Veterans Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iraq And Afghanistan Veterans Of America Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iraq And Afghanistan Veterans Of America Inc
Iraq And Afghanistan Veterans Of America Inc (EIN: 201664531) is a nonprofit organization based in Washington, DC, classified under NTEE code P20. The organization reported total revenue of $2.8M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iraq And Afghanistan Veterans Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iraq And Afghanistan Veterans Of America Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-1,365,616 |
| Total Assets | $2.6M |
| Total Liabilities | $65K |
| Net Assets | $2.5M |
| Operating Margin | -102.1% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 11.3 months |
Financial Health Grade: B
In 2023, Iraq And Afghanistan Veterans Of America Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iraq And Afghanistan Veterans Of America Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.1% | -22.4% | -35.3% |
| 2022 | -26.7% | +15.5% | -19.7% |
| 2021 | +15.5% | -9.0% | +3.4% |
| 2020 | -7.9% | -19.0% | -3.6% |
| 2019 | -58.1% | +25.4% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iraq And Afghanistan Veterans Of America Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Iraq And Afghanistan Veterans Of America Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size and suggests either pro-bono leadership or a different compensation structure not captured in this field.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Iraq And Afghanistan Veterans Of America Inc's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in multiple recent years (e.g., $2.7M expenses vs. $1.3M revenue in 2023).
- Significant decline in revenue: Revenue dropped from $9.2M in 2015 to $1.3M in 2023.
- Decreasing asset base: Assets have declined from $5.4M in 2018 to $2.5M in 2023, likely to cover deficits.
- Unusual 0% officer compensation: While seemingly positive, this is highly uncommon for an organization of this size and warrants further inquiry into how leadership is compensated or if it's entirely pro-bono.
Strengths
The following positive indicators were identified for Iraq And Afghanistan Veterans Of America Inc:
- Reported 0% officer compensation: This indicates a strong commitment to minimizing executive overhead and maximizing funds for programs, or a unique leadership compensation model.
- Historically strong revenue generation: The organization demonstrated an ability to raise significant funds in the past, with revenues exceeding $9 million in 2015.
- Clear mission focus (NTEE P20): The NTEE code indicates a focus on veterans' services, aligning with its name.
Frequently Asked Questions about Iraq And Afghanistan Veterans Of America Inc
Is Iraq And Afghanistan Veterans Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iraq And Afghanistan Veterans Of America Inc (EIN: 201664531) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Iraq And Afghanistan Veterans Of America Inc spend its money?
Iraq And Afghanistan Veterans Of America Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Iraq And Afghanistan Veterans Of America Inc tax-deductible?
Iraq And Afghanistan Veterans Of America Inc is registered as a tax-exempt nonprofit (EIN: 201664531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Iraq And Afghanistan Veterans Of America Inc a good charity?
IAVA demonstrates a commitment to its mission by reporting 0% officer compensation, which is a strong positive for donor confidence. However, the consistent operational deficits, where expenses have exceeded revenue in recent years (e.g., $2.7M expenses vs. $1.3M revenue in 2023), raise concerns about financial sustainability and long-term impact. Donors should investigate how these deficits are being managed and if program services are being impacted.
Why has IAVA's revenue declined so significantly?
IAVA's revenue has seen a substantial decline from a peak of $9.2 million in 2015 to $1.3 million in 2023. The IRS 990 data alone does not provide the specific reasons for this decline, but it could be attributed to various factors such as changes in fundraising strategies, donor fatigue, economic conditions, or shifts in public interest. Further investigation into their fundraising reports or annual statements would be necessary to understand the root causes.
How is IAVA covering its operational deficits?
With expenses consistently exceeding revenue in recent years (e.g., $3.4M expenses vs. $2.5M revenue in 2022, and $2.7M expenses vs. $1.3M revenue in 2023), IAVA is likely covering these deficits by drawing down its assets. The organization's assets have decreased from $4.9 million in 2021 to $2.5 million in 2023, which aligns with this hypothesis. This trend is not sustainable in the long term without a significant increase in revenue or reduction in expenses.
Filing History
IRS 990 filing history for Iraq And Afghanistan Veterans Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iraq And Afghanistan Veterans Of America Inc's revenue has declined by 81.3%, moving from $7.2M to $1.3M. Total assets increased by 210.3% over the same period, from $822K to $2.6M. Total functional expenses fell by 64.5%, from $7.6M to $2.7M. In its most recent filing year (2023), Iraq And Afghanistan Veterans Of America Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $65K in liabilities against $2.6M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $2.7M | $2.6M | $65K | — | — |
| 2022 | $2.6M | $3.5M | $3.9M | $89K | — | View 990 |
| 2021 | $3.5M | $3.0M | $4.9M | $149K | — | View 990 |
| 2020 | $3.0M | $3.3M | $4.7M | $490K | — | View 990 |
| 2019 | $3.3M | $4.1M | $4.9M | $399K | — | View 990 |
| 2018 | $7.9M | $3.3M | $5.5M | $592K | — | View 990 |
| 2017 | $4.8M | $5.0M | $1.3M | $1.0M | — | View 990 |
| 2016 | $6.3M | $7.2M | $1.1M | $627K | — | View 990 |
| 2015 | $9.3M | $8.0M | $1.9M | $401K | — | View 990 |
| 2014 | $7.3M | $7.7M | $1.1M | $892K | — | View 990 |
| 2013 | $6.0M | $6.1M | $2.7M | $2.1M | — | View 990 |
| 2012 | $6.1M | $5.8M | $1.7M | $1.0M | — | View 990 |
| 2011 | $7.2M | $7.6M | $822K | $475K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $2.7M, and assets of $2.6M (revenue -48.1% year-over-year).
- 2022: Revenue of $2.6M, expenses of $3.5M, and assets of $3.9M (revenue -26.7% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.0M, and assets of $4.9M (revenue +15.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.3M, and assets of $4.7M (revenue -7.9% year-over-year).
- 2019: Revenue of $3.3M, expenses of $4.1M, and assets of $4.9M (revenue -58.1% year-over-year).
- 2018: Revenue of $7.9M, expenses of $3.3M, and assets of $5.5M (revenue +63.9% year-over-year).
- 2017: Revenue of $4.8M, expenses of $5.0M, and assets of $1.3M (revenue -24.1% year-over-year).
- 2016: Revenue of $6.3M, expenses of $7.2M, and assets of $1.1M (revenue -31.5% year-over-year).
- 2015: Revenue of $9.3M, expenses of $8.0M, and assets of $1.9M (revenue +27.2% year-over-year).
- 2014: Revenue of $7.3M, expenses of $7.7M, and assets of $1.1M (revenue +20.4% year-over-year).
- 2013: Revenue of $6.0M, expenses of $6.1M, and assets of $2.7M (revenue -1.1% year-over-year).
- 2012: Revenue of $6.1M, expenses of $5.8M, and assets of $1.7M (revenue -14.8% year-over-year).
- 2011: Revenue of $7.2M, expenses of $7.6M, and assets of $822K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iraq And Afghanistan Veterans Of America Inc:
Data Sources and Methodology
This transparency report for Iraq And Afghanistan Veterans Of America Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.