Very Bold Ministries Inc

Analysis

Very Bold Ministries Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in December 2001, 25 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, Very Bold Ministries Inc reported income of $254k and spending of $240k, spending 94% of its income. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Very Bold Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Vision Latin America ($254k), Spirit and Truth ($254k) and Ivory Coast Christian Mission ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $75k (31% of expenses). Other salaries and wages came to $24k. At year end it held assets of $90k against liabilities of $0, net assets of $90k. It reported 2 employees.