Vida Ministries Incorporated

Analysis

Vida Ministries Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1988, 38 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, Vida Ministries Incorporated reported income of $397k and spending of $103k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income grew from $175k to $397k (+127%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vida Ministries Incorporated sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include PTA Texas Congress ($397k), Indianapolis Suzuki Academy Inc ($397k) and The Fuller Center for Housing Inc ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (45% of expenses). At year end it held assets of $367k against liabilities of $9,422, net assets of $358k. It reported 3 employees.