My Chosen Vessels Inc

Analysis

My Chosen Vessels Inc is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, My Chosen Vessels Inc reported income of $234k and spending of $171k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $96k to $234k (+145%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, My Chosen Vessels Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include World Federalist Movement-Institute for Global Policy ($234k), Evanjafrica Inc ($234k) and Forefront Mission Inc ($234k).

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 $82k against liabilities of $35k, net assets of $47k.