Virtues Incorporated

Analysis

Virtues Incorporated is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Virtues Incorporated reported income of $117k and spending of $110k, spending 94% of its income. Across the 3 years on record, from June 2019 to June 2024, income fell from $212k to $117k (-45%), an average of -26% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. 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, Virtues Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Fultoli Islamic Center Inc ($117k), Revitalizing Churches Inc ($117k) and Rivers of Living Water Ministry Inc ($117k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $110, net assets of $16k.