Verse by Verse Ministry of San Antonio

Analysis

Verse by Verse Ministry of San Antonio is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Ministry of San Antonio reported income of $865k and spending of $548k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $583k to $865k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Verse by Verse Ministry of San Antonio sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Starfinder Foundation ($865k), Angkor Hospital for Children Inc ($865k) and Center for Inquiry Development Fund ($864k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $353k. At year end it held assets of $1.8m against liabilities of $3,192, net assets of $1.8m. It reported 8 employees.