Verse by Verse Ministries Inc

Analysis

Verse by Verse Ministries Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in June 2006, 20 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, Verse by Verse Ministries Inc reported income of $57k and spending of $84k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $57k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 124% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Verse by Verse Ministries Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Christ Central Ministries Inc ($57k), Ezra Ministries Inc ($57k) and Sound Hearts ($57k).

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 $35k against liabilities of $8,321, net assets of $26k.