Victory Christian Ministries of Bradenton Inc

Analysis

Victory Christian Ministries of Bradenton Inc is a registered charity in United States, based in Bradenton, MO. It received its IRS tax-exemption ruling in April 2018, 8 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, Victory Christian Ministries of Bradenton Inc reported income of $83k and spending of $164k, spending 199% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $974k to $83k (-91%), an average of -56% a year. The sharpest change came in the year to December 2021, when income rose by 484%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Victory Christian Ministries of Bradenton Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MO. Charities of a similar size with the same main cause include Lakeside Chapter of National Ambucs ($83k), Hospice of Southwest Ohio Foundation ($83k) and South Carolina Advocates for Agriculture ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $51k (31% of expenses). At year end it held assets of $2.2m against liabilities of $1.5m, net assets of $708k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.