Vince Ambrosetti Ministries

Analysis

Vince Ambrosetti Ministries is a registered charity in United States, based in Mt Juliet, TN. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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, Vince Ambrosetti Ministries reported income of $322k and spending of $173k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $436k to $322k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income rose by 191%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vince Ambrosetti Ministries sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Jay N Schapira MD Medical Research Foundation Inc ($322k), SRC Living Legacy Foundation ($322k) and Pleasant Hills Volunteer Fire Company ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 71% of the total. At year end it held assets of $957k against liabilities of $1.1m, net assets of -$165k.