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Veterans
Veterans reported $29.9 million in revenue and $25.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.29 went to program services, $7.92 to management and general costs and $0.79 to fundraising. Its largest source of revenue was contributions and grants: 56.2% of the total. Government grants made up 52.3%. The highest compensation it reported for one person was $348,271 (PRESIDENT & CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 136% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $25MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $30M- Contributions & grants (non-government)$3.87 $1.2M
- Government grants$52.32 $16M
- Program service revenue$41.43 $12M
- Investment income$2.38 $712K
Other revenue was negative: −$18,163. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.3% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.9% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.8% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 56.2% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 52.3% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 41.5% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $348,271 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.37% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 7 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.8 | 9.2 |
| Independent voting board members Part VI 1a–1b | 7 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHealth and wellness and behavioral health care - the organization provides physical, mental, and emotional care that helps individuals develop coping mechanisms and supports reintegration into families and communities. This care contributes to the success of the organization in reducing homelessness. The organization has been on the vanguard of treatment delivery for substance addiction by becoming the first veteran-focused organization to create a full array of licensed direct care services. Inpatient and outpatient substance abuse treatment licensed by the massachusetts department of public…
Outreach and supportive services program - the outreach program offers training, therapeutic group sessions, individual counseling, benefits counseling and advocacy, healthcare and benefit enrollment, employment support, transportation, and other support services such as food and clothing. The program focuses on the removal of barriers that prevent people from receiving critical services. Supportive services to veteran families focus on housing stabilization which offers case management, legal services, healthcare navigation, and temporary financial assistance to help low-income families…
Supportive housing for veterans - the program provides the basic human needs of food, clothing, and residential services to homeless veterans. The organization operates multiple facilities for veterans across new england. Programs vary by site from emergency shelter and barrack style living to single room occupancy units with shared common spaces, to independent apartment style living. All sites provide supportive services onsite through case managers and site coordinators. The organization works with each veteran to develop an individual service plan to meet their needs. The goals of the…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 40.00 hrs/week | $307,389 | $0 | $40,882 | $348,271 |
| SR. VP FINANCE, DEV & ADMIN Key employee, 40.00 hrs/week | $239,228 | $0 | $57,060 | $296,288 |
| VP & EXECUTIVE DIRECTOR Director/trustee, officer, 40.00 hrs/week | $265,762 | $0 | $30,009 | $295,771 |
| ASST. VP OF ADMIN. & EMPLOYEE RELATIONS Key employee, 40.00 hrs/week | $184,487 | $0 | $14,937 | $199,424 |
| CONTROLLER (UNTIL 1/2025) Highest compensated employee, 40.00 hrs/week | $121,820 | $0 | $1,425 | $123,245 |
| DIR. OF SPECIAL PROJ. & OPERATIONS Highest compensated employee, 40.00 hrs/week | $106,718 | $0 | $3,063 | $109,781 |
| DIVISION MANAGER Highest compensated employee, 40.00 hrs/week | $100,549 | $0 | $2,715 | $103,264 |
7 people received more than $100,000 in reportable compensation from Veterans (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5329
- Volunteers Part I, line 6959
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LAW OFFICES OF RALPH K STONE Legal services | $150,440 |
| BREATHE EASY CLEANING INC Cleaning services | $149,720 |
| MINOT It consultants | $137,295 |
| PARASKEVI TSOUTSOPLIDES Consulting | $129,052 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
18 private foundations reported grants to Veterans totaling $697K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Veterans's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Veterans, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Veterans spent in FY2025, $91.29 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Gulf Coast Community Services AssociationHouston, TX · revenue $30M · programs 99.8% · FY2025
- Partners in Development FoundationHonolulu, HI · revenue $30M · programs 92.8% · 2025
- Signal Technology FoundationMountain View, CA · revenue $29M · programs 81.5% · 2024
- LiftfundSan Antonio, TX · revenue $30M · programs 93.5% · 2025
- IcastLakewood, CO · revenue $29M · programs 25.4% · 2024
All community improvement & capacity building charities · Largest charities in Massachusetts
Questions people ask
How much of Veterans's spending goes to programs?
In the fiscal year ending June 30, 2025, Veterans reported that 91.3% of its $25.4 million in expenses went to program services, 7.9% to management and general and 0.8% to fundraising (Form 990, Part IX).
How much does Veterans pay its top executive?
The largest total compensation Veterans reported for one person in the fiscal year ending June 30, 2025 was $348,271, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Veterans get its money?
Of $29.9 million in revenue in the fiscal year ending June 30, 2025, 56.2% came from contributions and grants (including 52.3% from government grants) and 41.5% from program service revenue (Form 990, Part VIII).
Is Veterans a registered charity?
The IRS lists EIN 04-3098024 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631339349302798 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501339349307345 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202412339349300411 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022 (amended), object 202441629349301004 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202330609349300648 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141339349306204 · read the filing
All filings for EIN 04-3098024: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.