Returning Veterans Project
Returning Veterans Project shows consistent asset growth and zero executive compensation, effectively managing finances.
EIN: 204034255 · Portland, OR · NTEE: W30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $435K |
| Total Expenses | $472K |
| Program Spending | 85% |
| Net Assets | $684K |
| Transparency Score | 90/100 |
Is Returning Veterans Project Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Returning Veterans Project directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Returning Veterans Project
Returning Veterans Project (EIN: 204034255) is a nonprofit organization based in Portland, OR, classified under NTEE code W30. The organization reported total revenue of $435K and total assets of $662K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Returning Veterans Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Returning Veterans Project is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $515K |
| Total Expenses | $472K |
| Surplus / Deficit | +$43K |
| Total Assets | $697K |
| Total Liabilities | $13K |
| Net Assets | $684K |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 17.7 months |
Financial Health Grade: A
In 2023, Returning Veterans Project reported a surplus of $43K with revenue exceeding expenses, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Returning Veterans Project's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.7% | +23.2% | +8.3% |
| 2022 | +92.3% | +11.7% | +116.2% |
| 2021 | +6.8% | +5.0% | +15.9% |
| 2020 | -0.8% | -16.4% | +12.7% |
| 2019 | -20.0% | +21.6% | -11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Returning Veterans Project with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Returning Veterans Project allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation to programs.
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.
Strengths
The following positive indicators were identified for Returning Veterans Project:
- Consistent asset growth, from $227,690 in 2019 to $697,006 in 2023, indicating strong financial management.
- Zero reported officer compensation across all filings, suggesting high efficiency in directing funds to programs.
- Low liabilities relative to assets (e.g., $13,350 liabilities vs. $697,006 assets in 2023), indicating minimal debt burden.
- Positive net income in most recent years (e.g., $43,142 in 2023 and $349,915 in 2022), contributing to financial stability.
- Long filing history (13 filings) demonstrates consistent operation and transparency.
Frequently Asked Questions about Returning Veterans Project
Is Returning Veterans Project a legitimate charity?
Returning Veterans Project (EIN: 204034255) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $435K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Returning Veterans Project spend its money?
Returning Veterans Project directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Returning Veterans Project tax-deductible?
Returning Veterans Project is registered as a tax-exempt nonprofit (EIN: 204034255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Returning Veterans Project's spending goes to programs?
Returning Veterans Project directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Returning Veterans Project compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Returning Veterans Project is above average for NTEE category W30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Returning Veterans Project located?
Returning Veterans Project is headquartered in Portland, Oregon and files with the IRS under EIN 204034255. It is classified under NTEE code W30.
How many years of IRS 990 filings does Returning Veterans Project have?
Returning Veterans Project has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $435K in total revenue.
Is Returning Veterans Project a good charity?
Based on the financial data, Returning Veterans Project appears to be a very good charity. It demonstrates strong financial health with growing assets, low liabilities, and a consistent record of 0% officer compensation, suggesting a high dedication of resources to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $227,690 in 2019 to $697,006 in 2023. Revenue has shown some variability but generally remains robust, and expenses are well-managed relative to income.
What is the trend in revenue and expenses?
Revenue has fluctuated, peaking at $732,954 in 2022 and settling at $515,214 in 2023. Expenses have generally increased in line with revenue, from $390,840 in 2019 to $472,072 in 2023, but the organization has maintained a positive net income in most recent years.
Filing History
IRS 990 filing history for Returning Veterans Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Returning Veterans Project's revenue has grown by 287.3%, moving from $133K to $515K. Total assets increased by 1002.3% over the same period, from $63K to $697K. Total functional expenses rose by 323.2%, from $112K to $472K. In its most recent filing year (2023), Returning Veterans Project reported a surplus of $43K, with revenue exceeding expenses. The organization holds $13K in liabilities against $697K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $684K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $515K | $472K | $697K | $13K | — | — |
| 2022 | $733K | $383K | $644K | $6K | — | View 990 |
| 2021 | $381K | $343K | $298K | $10K | — | View 990 |
| 2020 | $357K | $327K | $257K | $7K | — | — |
| 2019 | $360K | $391K | $228K | $8K | — | View 990 |
| 2018 | $450K | $321K | $256K | $5K | — | View 990 |
| 2017 | $294K | $291K | $124K | $1K | — | View 990 |
| 2016 | $298K | $316K | $123K | $4K | — | View 990 |
| 2015 | $295K | $327K | $148K | $10K | — | View 990 |
| 2014 | $297K | $204K | $181K | $11K | — | View 990 |
| 2013 | $173K | $161K | $91K | $13K | — | View 990 |
| 2012 | $145K | $135K | $75K | $9K | — | View 990 |
| 2011 | $133K | $112K | $63K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $515K, expenses of $472K, and assets of $697K (revenue -29.7% year-over-year).
- 2022: Revenue of $733K, expenses of $383K, and assets of $644K (revenue +92.3% year-over-year).
- 2021: Revenue of $381K, expenses of $343K, and assets of $298K (revenue +6.8% year-over-year).
- 2020: Revenue of $357K, expenses of $327K, and assets of $257K (revenue -0.8% year-over-year).
- 2019: Revenue of $360K, expenses of $391K, and assets of $228K (revenue -20.0% year-over-year).
- 2018: Revenue of $450K, expenses of $321K, and assets of $256K (revenue +53.0% year-over-year).
- 2017: Revenue of $294K, expenses of $291K, and assets of $124K (revenue -1.3% year-over-year).
- 2016: Revenue of $298K, expenses of $316K, and assets of $123K (revenue +1.0% year-over-year).
- 2015: Revenue of $295K, expenses of $327K, and assets of $148K (revenue -0.6% year-over-year).
- 2014: Revenue of $297K, expenses of $204K, and assets of $181K (revenue +71.7% year-over-year).
- 2013: Revenue of $173K, expenses of $161K, and assets of $91K (revenue +19.0% year-over-year).
- 2012: Revenue of $145K, expenses of $135K, and assets of $75K (revenue +9.2% year-over-year).
- 2011: Revenue of $133K, expenses of $112K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Returning Veterans Project:
Data Sources and Methodology
This transparency report for Returning Veterans Project 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.