Verbum Spei

Analysis

Verbum Spei is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in January 2021, 5 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, Verbum Spei reported income of $326k and spending of $182k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $338k to $326k (-3.5%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Verbum Spei sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within ID. Charities of a similar size with the same main cause include Westchester Square Islamic Cultural Center Inc ($326k), Potters Field Ranch Inc ($326k) and Camp Dovewood Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $463k against liabilities of $0, net assets of $463k.