IW 2024 FORM 990
Transparency and Accountability: Irreverent Warriors’ 2024 Form 990 Tax Return
Based on the information from Irreverent Warriors’ 2024 Form 990, it’s clear that we run an exceptionally lean operation, ensuring that the vast majority of our resources go directly to the mission of supporting veterans. We also contract with an external accounting firm to audit our financial records and accounting practices. Our 2024 audit found no errors or discrepancies, and we are happy to share this audit upon request.
Here’s a closer look at how we make every dollar count:
Irreverent Warriors: Lean and Mission-Driven
We are committed to providing impactful, mission-driven programming aimed at building a tribe of healing, improving mental health, and preventing suicide among veterans. We take pride in our ability to keep operational expenses low and channel a significant portion of our revenue directly into the programs that make a difference in the lives of veterans.
A Snapshot of Our Financials
For the 2024 tax year, IW reported total revenue of $897,035. Of this, an impressive 94% went toward program services (the heart of our mission), with just a fraction allocated to management and general expenses and fundraising.
Here’s the breakdown:
- Program service expenses: $731,855
- Management and general expenses: $43,647
- Fundraising expenses: $12,414
The result… 94% of total revenue directly supports our mission and the veterans we serve. This is a testament to how efficient and purpose-driven our operation is… only a small percentage goes toward the overhead, ensuring that the focus remains on the veterans.
Efficient Use of Resources
We are proud of our ability to operate with a lean, effective structure. Despite having over 200 volunteers across multiple locations and organizing large-scale events, we maintain a minimal administrative footprint. For example, our total compensation for officers and key employees was $54,378, reflecting our emphasis on maximizing the impact of our mission rather than inflating administrative costs.
Empowering Veterans Through Program Services
Our primary focus is ensuring that the funds raised through donations and events go where they matter most: supporting veterans through our hikes, online platforms, and camaraderie-building events. These program services are critical to reducing veteran suicide, providing veterans with the tools they need to improve mental health, and creating a supportive, humor-infused environment for healing.
We Don’t Just Talk; We Walk the Walk
While many organizations may boast about their commitment to transparency, we back it up with real numbers. Our program expenses not only reflect a commitment to veterans but also ensure that your donations are stretched as far as possible. This approach is rooted in a deep respect for the resources that our generous supporters contribute.
The $731,855 allocated to program services in 2024 went directly into activities like our Silkies Hikes and Healing Retreats, which are designed to foster healing through camaraderie. These events are incredibly cost-effective but immensely impactful—our model ensures that we are doing more with less.
Commitment to Fiscal Responsibility
As a 501(c)(3) organization, we are committed to maintaining high standards of accountability. Our low administrative costs and high program expenditure reflect this commitment, providing an organization that is both sustainable and efficient. In fact, the percentage of our funds spent on overhead is lower than the industry average, making us an organization that maximizes the value of every dollar donated.
A Focus on Financial Transparency
We understand the importance of maintaining financial transparency. This is why our Form 990 is publicly available and contains detailed breakdowns of all revenue, expenses, and operational practices. We believe that our supporters deserve to know exactly how their contributions are being used, and we hold ourselves to the highest standards of transparency.
Looking Forward
As we continue to grow and impact even more veterans, we remain committed to running a lean, mission-driven organization. The financial structure of Irreverent Warriors ensures that 94% of every dollar spent goes directly to program services, empowering veterans through humor, camaraderie, and healing.
In conclusion, we are proud of the efficiency with which we operate, ensuring that each contribution goes as far as possible in fulfilling our mission. With every hike, event, and initiative, Irreverent Warriors is working tirelessly to reduce veteran suicide and improve mental health outcomes for those who served. Together, we are proving that lean operations can make a massive impact.
Thank you for your continued support. Your contributions directly fuel our mission and allow us to continue providing essential services to our nation’s heroes.