VKB Ministries

Analysis

VKB Ministries is a registered charity in United States, based in Burlington, KY. It received its IRS tax-exemption ruling in November 2008, 18 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, VKB Ministries reported income of $71k and spending of $82k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $71k (-43%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, VKB Ministries sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include Overcomers Outreach Ministries ($71k), Ministerio Evangelistico Casa Del Dios Viviente Para Las Naciones ($71k) and Higher Life Ministries Incorporated ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $21k against liabilities of $9,190, net assets of $12k.