Visionary Family Ministries Inc

Analysis

Visionary Family Ministries Inc is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Visionary Family Ministries Inc reported income of $449k and spending of $514k, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $357k to $449k (+26%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 108%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Visionary Family Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Sea Islands Hunger Awareness Foundation ($449k), A Bridge for Kids ($449k) and Blue Door Ministries Inc ($449k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. Other salaries and wages came to $275k. At year end it held assets of $417k against liabilities of $8,818, net assets of $408k.