VOLUNTARY EMPLOYEES BENEFIT ASSOCIATION TRUST FOR PUBLIC
SPOKANE, WA 99201 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $129,366,966 | $90,593,735 | $649,019,822 |
| FY2024 | $112,196,106 | $82,385,972 | $580,233,269 |
| FY2023 | $101,284,536 | $77,922,325 | $516,640,550 |
| FY2022 | $112,351,417 | $73,041,112 | $466,191,043 |
| FY2021 | $137,599,743 | $66,327,327 | $489,524,597 |
| FY2020 | $104,739,555 | $55,655,865 | $400,087,533 |
| FY2019 | $82,405,215 | $52,567,987 | $342,362,736 |
| FY2018 | $72,217,507 | $49,472,458 | $310,000,644 |
| FY2017 | $63,841,997 | $46,004,477 | $281,215,273 |
| FY2016 | $59,080,832 | $43,845,607 | $252,113,178 |
| FY2015 | $57,518,319 | $42,362,373 | $237,911,528 |
| FY2014 | $58,546,646 | $38,132,644 | $224,110,203 |
| FY2013 | $48,055,531 | $36,253,444 | $196,014,509 |
| FY2012 | $46,920,265 | $37,271,626 | $177,541,566 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $100,468,060 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Net assets covered about 86 months of expenses at the end of the reporting year. That puts it in the 63rd percentile among 101 Mutual & Membership Benefit organizations in WA.
- Total revenue was higher than 98.1% of 103 Mutual & Membership Benefit organizations in WA.
- Total revenue rose from $46,920,265 in FY2012 to $129,366,966 in FY2025, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $137,599,743 in FY2021.
- Net assets grew from $177,541,566 to $649,019,822 between FY2012 and FY2025.
- Contributions and grants made up 86% of revenue in FY2012 and 0% in FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
The VEBA Trust provides high-quality, tax advantaged health reimbursement plans for public employees in Washington.
IRS status
| Ruling year | 1984 |
| Subsection | 501(c)(9) |
| Program area (NTEE) | Y43 — Mutual & Membership Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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