Victory Temple Cogic Highway of Holiness Ministries

Analysis

Victory Temple Cogic Highway of Holiness Ministries is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Victory Temple Cogic Highway of Holiness Ministries reported income of $416k and spending of $240k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $541k to $416k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Victory Temple Cogic Highway of Holiness Ministries sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Owen Brown Interfaith Center Inc ($416k), Islamic Center of North Kansas City ($417k) and Center for Christian Studies ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.1m against liabilities of $0, net assets of $7.1m.