Volunteer Ministry Center Inc

Analysis

Volunteer Ministry Center Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Volunteer Ministry Center Inc reported income of $4.8m and spending of $3.5m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.8m (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Volunteer Ministry Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Bridge Communities Inc ($4.8m), Richfield Senior Housing Inc ($4.8m) and C O R E Programs Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $123k (3.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $11.7m against liabilities of $607k, net assets of $11.1m. It reported 61 employees.