Vibrant Faith Ministries

Analysis

Vibrant Faith Ministries is a registered charity in United States, based in Ellendale, MN. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vibrant Faith Ministries reported income of $946k and spending of $1.2m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $946k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vibrant Faith Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Home of Hope International Inc ($946k), Twelve Corners Day Care Center ($947k) and Pirate Toy Fund ($946k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Other salaries and wages came to $177k. At year end it held assets of $904k against liabilities of $685k, net assets of $218k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.