Vertical Leap Ministries

Analysis

Vertical Leap Ministries is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vertical Leap Ministries reported income of $84k and spending of $80k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $84k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vertical Leap Ministries sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Roof Top Angels Inc ($84k), Urban Outreach Worship Center ($84k) and Metro Baptist Center Incorporated ($84k).

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 $21k against liabilities of $0, net assets of $21k.