Vital Seed Ministries International Inc

Analysis

Vital Seed Ministries International Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Vital Seed Ministries International Inc reported income of $366k and spending of $335k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $366k (+273%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vital Seed Ministries International Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Progressive Missionary Baptist Church ($366k), Yadanar Nyan Yaung Buddhist Association ($366k) and Baptist Church Planting Ministry ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $22k (6.6% of expenses). At year end it held assets of $83k against liabilities of $686, net assets of $82k.