Vapor Ministries Inc

Analysis

Vapor Ministries Inc is a registered charity in United States, based in Sylacauga, AL. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vapor Ministries Inc reported income of $11.4m and spending of $10.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $11.4m (+149%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vapor Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Hetrick-Martin Institute Inc ($11.4m), The Lincoln Center for Family and Youth ($11.4m) and Search for Change Inc ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $226k (2.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $12.7m against liabilities of $3.0m, net assets of $9.7m. It reported 181 employees.