Virtue House Ministries Inc

Analysis

Virtue House Ministries Inc is a registered charity in United States, based in Louisville, IL. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Virtue House Ministries Inc reported income of $543k and spending of $551k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $543k (+16%), an average of +3.7% a year. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Virtue House Ministries Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include After the Game Inc ($543k), Principles First Inc ($544k) and Future Farmers of America State Associations & Local Chapter ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $56k (10% of expenses). Other salaries and wages came to $258k. At year end it held assets of $394k against liabilities of $359k, net assets of $34k. It reported 32 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.