Veterans Support Foundation
Veterans Support Foundation faces severe revenue decline and consistent operating deficits.
EIN: 133648561 · Detroit, MI · NTEE: Z99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $629K |
| Total Expenses | $777K |
| Program Spending | 70% |
| Net Assets | $1.7M |
| Transparency Score | 45/100 |
Is Veterans Support Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Veterans Support Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Veterans Support Foundation
Veterans Support Foundation (EIN: 133648561) is a nonprofit organization based in Detroit, MI, classified under NTEE code Z99Z. The organization reported total revenue of $629K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Support Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veterans Support Foundation is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $628K |
| Total Expenses | $777K |
| Surplus / Deficit | $-148,372 |
| Total Assets | $1.7M |
| Net Assets | $1.7M |
| Operating Margin | -23.6% |
| Months of Reserves | 26.4 months |
Financial Health Grade: B
In 2023, Veterans Support Foundation reported a deficit of $148K with expenses exceeding revenue, holds 26.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Veterans Support Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.0% | +0.0% |
| 2022 | -58.3% | -31.6% | -12.1% |
| 2021 | +0.3% | -34.5% | -3.2% |
| 2020 | -38.9% | -32.9% | -20.5% |
| 2019 | -49.3% | -43.1% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Veterans Support Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Veterans Support Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $148K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for minimizing overhead related to executive pay.
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 Veterans Support Foundation's IRS 990 filings:
- Significant and sustained decline in annual revenue (from $4.9M in 2017 to $0.6M in 2023).
- Consistent operating deficits where expenses exceed revenue in recent years (e.g., 2023, 2022, 2020, 2019).
- Depletion of assets over time, from $2.5M in 2019 to $1.7M in 2023.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency analysis.
Strengths
The following positive indicators were identified for Veterans Support Foundation:
- Reports 0% officer compensation across all available filings, indicating no executive pay.
- No reported liabilities in the most recent two filings (2022 and 2023), suggesting good debt management.
Frequently Asked Questions about Veterans Support Foundation
Is Veterans Support Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Veterans Support Foundation (EIN: 133648561) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Veterans Support Foundation spend its money?
Veterans Support Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Veterans Support Foundation tax-deductible?
Veterans Support Foundation is registered as a tax-exempt nonprofit (EIN: 133648561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Veterans Support Foundation's spending goes to programs?
Veterans Support Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Veterans Support Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Veterans Support Foundation is near average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Veterans Support Foundation located?
Veterans Support Foundation is headquartered in Detroit, Michigan and files with the IRS under EIN 133648561. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Veterans Support Foundation have?
Veterans Support Foundation 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 $629K in total revenue.
Why has Veterans Support Foundation's revenue decreased so dramatically since 2017?
The organization's revenue has fallen from $4,978,919 in 2017 to $628,420 in 2023, an 87% drop. This significant decline requires investigation into changes in fundraising strategies, donor base, or external factors affecting contributions.
How does Veterans Support Foundation plan to address its consistent operating deficits?
In 2023, expenses ($776,792) exceeded revenue ($628,420), continuing a trend seen in multiple prior years. The organization needs a clear strategy to either increase revenue or reduce expenses to achieve financial sustainability.
What specific programs does Veterans Support Foundation operate, and what is their impact?
Without detailed program expense breakdowns, it's difficult to assess the effectiveness and reach of their services for veterans. Understanding their core programs is crucial given the financial challenges.
What is the cause of the asset depletion from $2,528,640 in 2019 to $1,711,368 in 2023?
The consistent operating deficits, where expenses exceed revenue, are likely contributing to the gradual depletion of the organization's assets over time.
Filing History
IRS 990 filing history for Veterans Support Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Veterans Support Foundation's revenue has declined by 76.6%, moving from $2.7M to $628K. Total assets increased by 28.3% over the same period, from $1.3M to $1.7M. Total functional expenses fell by 70.8%, from $2.7M to $777K. In its most recent filing year (2023), Veterans Support Foundation reported a deficit of $148K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $628K | $777K | $1.7M | $0 | — | — |
| 2022 | $628K | $777K | $1.7M | $0 | — | View 990 |
| 2021 | $1.5M | $1.1M | $1.9M | $33K | — | View 990 |
| 2020 | $1.5M | $1.7M | $2.0M | $468K | — | — |
| 2019 | $2.5M | $2.6M | $2.5M | $754K | — | View 990 |
| 2018 | $4.9M | $4.5M | $2.4M | $511K | — | View 990 |
| 2017 | $5.0M | $4.8M | $2.0M | $487K | — | View 990 |
| 2016 | $4.5M | $4.3M | $1.8M | $437K | — | View 990 |
| 2014 | $2.1M | $2.2M | $1.5M | $332K | — | View 990 |
| 2014 | $2.3M | $2.4M | $1.4M | $247K | — | View 990 |
| 2013 | $1.9M | $1.9M | $1.5M | $241K | — | View 990 |
| 2012 | $4.0M | $3.8M | $1.6M | $284K | — | View 990 |
| 2011 | $2.7M | $2.7M | $1.3M | $273K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $628K, expenses of $777K, and assets of $1.7M (revenue +0.0% year-over-year).
- 2022: Revenue of $628K, expenses of $777K, and assets of $1.7M (revenue -58.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $1.9M (revenue +0.3% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.7M, and assets of $2.0M (revenue -38.9% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.6M, and assets of $2.5M (revenue -49.3% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.5M, and assets of $2.4M (revenue -2.5% year-over-year).
- 2017: Revenue of $5.0M, expenses of $4.8M, and assets of $2.0M (revenue +10.8% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.3M, and assets of $1.8M (revenue +112.5% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.2M, and assets of $1.5M (revenue -7.5% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.4M, and assets of $1.4M (revenue +19.6% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $1.5M (revenue -52.5% year-over-year).
- 2012: Revenue of $4.0M, expenses of $3.8M, and assets of $1.6M (revenue +49.6% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.7M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veterans Support Foundation:
Data Sources and Methodology
This transparency report for Veterans Support Foundation 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.