Vision Despoir Ministries Inc

Analysis

Vision Despoir Ministries Inc is a registered charity in United States, based in Port Jeff Sta, NY. It received its IRS tax-exemption ruling in May 2019, 7 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, Vision Despoir Ministries Inc reported income of $192k and spending of $317k, spending 165% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $192k (+136%), an average of +136% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 151% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vision Despoir Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include His Hands of Hope ($192k), Harvest Missionary Church ($192k) and New Leaf Ministries Inc ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $7,043 against liabilities of $0, net assets of $7,043.