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CHARITY REVIEW
Issued: November 2024 Expires: November 2025

U.S.VETS

Accredited Charity
Accredited Charity

Meets Standards
(213) 542-2600
800 W 6th St Ste 1505
Los Angeles, CA, 90017-2742
https://usvets.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

U.S.VETS meets the 20 Standards for Charity Accountability.

Stated Purpose:
"The successful transition of military veterans and their families through the provision of housing, counseling, career development and comprehensive support."

Year, State Incorporated:
1992, CA

U.S.VETS serves 5500 veterans annually. In 2019 U.S.VETS provided nationally:
416,561 bed nights; 1168 job placements; 477,526 meals served; 57504 counseling sessions; 1636 veterans obtained permanent housing; 9352 outreach encounters;15,000 women via Women Vets on Point; 2115 Outside the Wire outreaches; 96% of clients maintained permanent housing status through SSVF prevention program.

For the year ended June 30, 2023, U.S.VETS's program expenses were:

Programs $75,945,189
Total Program Expenses $75,945,189

Chief Executive
Stephen Peck, President/CEO

Chair of the Board
Carlos Contreras, Community Volunteer

Chair's Profession / Business Affiliation

Board Size
19

Paid Staff Size
620

Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Television, Radio, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 2.12%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on U.S.VETS's audited financial statements - consolidated for the year ended June 30, 2023.

Source of Funds
Contributions $90,950,149
Grant and Contract Revenue $72,688,810
Rent Income $2,389,825
Program Service Fees $1,677,298
Other Revenue $625,619
Interest and Dividend Income $360,746
In-Kind Contributions $259,463
Gross Profit on Gross Sales $112,321
United Way and CFC $100,241
Total Income $169,164,472

Programs: 83% Fundraising: 4% Administrative: 13%

Total Income $169,164,472
Total expenses: $91,801,229
  Program expenses $75,945,189
  Fundraising expenses $3,485,676
  Administrative expenses $12,370,364
  Other expenses $0
Income in Excess of Expenses $77,363,243
Beginning Net Assets $34,035,465
Other Changes In Net Assets $0
Ending Net Assets $111,398,708
Total Liabilities $32,730,544
Total Assets $144,129,252

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB of Los Angeles & Silicon Valley