Victory of Worship Ministries Inc

Analysis

Victory of Worship Ministries Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Victory of Worship Ministries Inc reported income of $91k and spending of $38k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $91k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Victory of Worship Ministries Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Heart Line Ministries Inc ($91k), Ray Hampton Outreach Ministries ($91k) and Wayside Cafe Ministries ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $71k, net assets of $83k.