Vietnamese Christian Restoration Ministry

Analysis

Vietnamese Christian Restoration Ministry is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in March 2019, 7 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 March 2023, Vietnamese Christian Restoration Ministry reported income of $312k and spending of $420k, spending 134% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income grew from $213k to $312k (+46%), an average of +46% a year. The sharpest change came in the year to March 2023, when income rose by 46%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Christian Restoration Ministry sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include 2nd Iglesia Pentecostal Principe de Paz ($312k), Ten Talents Foundation ($312k) and Middle East Christian Network ($312k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,000 (0.7% of expenses). At year end it held assets of $100k against liabilities of $0, net assets of $100k.