True Vineyard Ministries Inc

Analysis

True Vineyard Ministries Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, True Vineyard Ministries Inc reported income of $702k and spending of $559k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $702k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, True Vineyard Ministries Inc 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 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Health Care Access ($702k), Angel Fund Inc ($702k) and Albuquerque Center for Hope and Recovery Inc ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $66k (12% of expenses). Other salaries and wages came to $84k. At year end it held assets of $231k against liabilities of $18k, net assets of $213k. It reported 5 employees.