Family Vision Ministries Inc

Analysis

Family Vision Ministries Inc is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in November 2022, 4 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, Family Vision Ministries Inc reported income of $694k and spending of $753k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $493k to $694k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Vision Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include Reading Montessori School ($694k), Castaway Kids Inc ($694k) and High Cotton Relief Fund ($694k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $348k (46% of expenses). Other salaries and wages came to $85k. At year end it held assets of $296k against liabilities of $4,659, net assets of $291k. It reported 4 employees.