Destined for Victory Ministries Bay Area Inc

Analysis

Destined for Victory Ministries Bay Area Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in September 2017, 9 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, Destined for Victory Ministries Bay Area Inc reported income of $1.2m and spending of $1.9m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Destined for Victory Ministries Bay Area Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Saint John Henry Newman Institute ($1.2m), Maryland Bible College & Seminary Inc ($1.2m) and Net Works Cooperative Ministry Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $438k. At year end it held assets of -$56k against liabilities of $0, net assets of -$56k.