Vision Ministry Inc

Analysis

Vision Ministry Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 2015, 11 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, Vision Ministry Inc reported income of $752k and spending of $684k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $752k (+112%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vision Ministry Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include McGowan Global Institute ($752k), Live Free Ministries ($752k) and Vietnamese Buddhism Study Temple in America ($752k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $212k. At year end it held assets of $734k against liabilities of $141k, net assets of $593k. It reported 10 employees.