Vanguard Ministries Inc

Analysis

Vanguard Ministries Inc is a registered charity in United States, based in Cantonment, FL. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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, Vanguard Ministries Inc reported income of $458k and spending of $407k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $317k to $458k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vanguard Ministries Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include St Martin de Porres Center Inc ($458k), Leadership Southern Indiana Inc ($458k) and Chesapeake and Ohio Historical Society Inc ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $125k (31% of expenses). Other salaries and wages came to $14k. At year end it held assets of $159k against liabilities of $2,893, net assets of $156k. It reported 5 employees.