Vessels of Mercy International Inc

Analysis

Vessels of Mercy International Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vessels of Mercy International Inc reported income of $710k and spending of $299k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $710k (+272%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vessels of Mercy International Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Inner City Mission Inc Springfield Ill ($710k), World Missions Alliance ($710k) and Brahmananda Saraswati Jyotish Foundation ($710k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $84k (28% of expenses). Other salaries and wages came to $3,036. At year end it held assets of $818k against liabilities of $12k, net assets of $807k. It reported 1 employees.