Vida Ministries Inc

Analysis

Vida Ministries Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in June 2017, 9 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, Vida Ministries Inc reported income of $66k and spending of $77k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $66k (+223%), an average of +223% a year. The sharpest change came in the year to December 2023, when income rose by 223%. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vida Ministries Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 32nd percentile within SC. Charities of a similar size with the same main cause include Millien S Prayer Ministry Inc ($66k), Jono Gates Ministries ($66k) and Chut Hameshulash Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,875 against liabilities of $0, net assets of $1,875.