Mark Vega Evangelistic Ministries Inc

Analysis

Mark Vega Evangelistic Ministries Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in October 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, Mark Vega Evangelistic Ministries Inc reported income of $123k and spending of $144k, spending 117% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $439k to $123k (-72%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mark Vega Evangelistic Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Sivagiri Ashram of North America ($123k), Metro Ministries of Fort Worth ($124k) and Plumas Strong ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 41% of the total. At year end it held assets of $17k against liabilities of $1,011, net assets of $16k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.