Vital Ministries

Analysis

Vital Ministries is a registered charity in United States, based in New Sharon, IA. It received its IRS tax-exemption ruling in May 2012, 14 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, Vital Ministries reported income of $56k and spending of $66k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $56k (-6.1%), an average of -6.1% a year. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vital Ministries sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Marian Center Inc ($56k), Teaching Like Jesus Ministries ($56k) and 5t Foundation ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $373, net assets of $29k.