Vineyard Music Group Incorporated

Analysis

Vineyard Music Group Incorporated is a registered charity in United States, based in Stafford, TX. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Vineyard Music Group Incorporated reported income of $1.0m and spending of $1.3m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vineyard Music Group Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Voice of Hope Ministries ($1.0m), Masjidullah Incorporated ($1.0m) and Charlotte Christian College and Theological Seminary ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $84k (6.6% of expenses). Other salaries and wages came to $163k. At year end it held assets of $349k against liabilities of $32k, net assets of $316k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.