Visions of Faith Ministries Inc

Analysis

Visions of Faith Ministries Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1987, 39 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, Visions of Faith Ministries Inc reported income of $415k and spending of $346k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $290k to $415k (+43%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Visions of Faith Ministries Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Delivering Change Inc ($415k), Fihankra Akoma Ntoaso Fan ($415k) and North Carolina Master Chorale ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $81k (23% of expenses). At year end it held assets of $126k against liabilities of $0, net assets of $126k. It reported 2 employees.