Vessels of Mercy Ministries Inc

Analysis

Vessels of Mercy Ministries Inc is a registered charity in United States, based in Fair Haven, MI. It received its IRS tax-exemption ruling in November 1997, 29 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, Vessels of Mercy Ministries Inc reported income of $218k and spending of $408k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $223k to $218k (-2.2%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vessels of Mercy Ministries Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Least of These Ministry ($218k), Ultimate Strength ($218k) and Rock the Dessert 2002 Inc ($218k).

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 $62k (15% of expenses). At year end it held assets of $137k against liabilities of $0, net assets of $137k. It reported 1 employees.

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.