Chosen Vessels Incorporated

Analysis

Chosen Vessels Incorporated is a registered charity in United States, based in Acworth, GA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Chosen Vessels Incorporated reported income of $247k and spending of $220k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $170k to $247k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chosen Vessels Incorporated 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 58th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include Love Inc of Greater Hancock County ($247k), Elevate Dance Ministry Inc ($247k) and Wings of Eagles International Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $35k (16% of expenses). Other salaries and wages came to $39k. At year end it held assets of $42k against liabilities of $3,953, net assets of $38k. It reported 4 employees.