Veritas Shapes Ministries International Inc

Analysis

Veritas Shapes Ministries International Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Veritas Shapes Ministries International Inc reported income of $235k and spending of $194k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $235k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Veritas Shapes Ministries International Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within GA. Charities of a similar size with the same main cause include Shiva Durga Krishna- Kali Mandir of Greater Houston ($235k), International Association of Chaplainsliberation for All Souls ($235k) and AFC International ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $58k (30% of expenses). At year end it held assets of $65k against liabilities of $0, net assets of $65k.