VETERAN TICKETS FOUNDATION
Mission Statement
Vet Tix * provides tickets to events which reduce stress, strengthen family bonds, build life-long memories and encourage service members and veterans to stay engaged with local communities and American life. We support our troops by honoring their service and providing positive family and life experiences, during and after their years of service to our country. Vet Tix provides tickets to all branches of currently-serving Military and Veterans, including immediate family of troops KIA. Vet Tix secures tickets to sporting events, concerts, performing arts, educational and family activities across the nation. VetTixers sign up online. We verify their service. VetTixers request tickets to events that interest them, then pay a small delivery fee to receive their free tickets. * Vet Tix is a 99% Charity (Independently audited past 11 years)
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
99.3% | 89.4% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.4% | 9.5% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.4% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.4 mo | 4.1 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.5% | 39.9% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.2% | 96.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
33.3% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
35.6% | 11.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.3% | 0.0% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| create memories that help with reintergation | 4,000,000 | $1.00 | — | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $228.7M | $228.1M | $7.4M | 99.3% | 26 |
| 2022 | $171.6M | $168.2M | $6.8M | 99.2% | 27 |
| 2021 | $70.2M | $66.9M | N/A | — | 20 |
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