Ministerios LA Vid Verdadera

Analysis

Ministerios LA Vid Verdadera is a registered charity in United States, based in Mission, TX. It received its IRS tax-exemption ruling in May 2017, 9 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, Ministerios LA Vid Verdadera reported income of $167k and spending of $99k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2019 to December 2023, income grew from $155k to $167k (+8.1%), an average of +8.1% a year. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ministerios LA Vid Verdadera sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include North Mississippi Emmaus Community Inc ($167k), Journeymates ($167k) and Vien Ngo Buddhist Temple Inc ($167k).

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 $228k against liabilities of $228k, net assets of $0.