Chad Veach Ministries Inc

Analysis

Chad Veach Ministries Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chad Veach Ministries Inc reported income of $107k and spending of $111k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $107k (-3.5%), an average of -3.5% a year. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chad Veach Ministries Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Be Sent Life Restoration Inc ($107k), First International Doers Ministries ($107k) and Cornerstone Kids Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. At year end it held assets of $1,303 against liabilities of $1,381, net assets of -$78.