Victory in Pentecost Ministries Incorporated

Analysis

Victory in Pentecost Ministries Incorporated is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in July 1986, 40 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Victory in Pentecost Ministries Incorporated reported income of $51k and spending of $41k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $51k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory in Pentecost Ministries Incorporated sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include American Institute of Graphic Arts ($51k), PTA Texas Congress ($51k) and PTA California Congress of Parents Teachers & Students Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $495k against liabilities of $170k, net assets of $325k.