Virtues Matter Inc

Analysis

Virtues Matter Inc is a registered charity in United States, based in Kensington, MD. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Virtues Matter Inc reported income of $112k and spending of $127k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $164k to $112k (-31%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virtues Matter Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Southwestern Childrens Home Trust ($112k), Rockwall Amica Sorority Inc ($112k) and Renewed Blessings Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $96k (75% of expenses). Other salaries and wages came to $7,868. At year end it held assets of $157k against liabilities of $139k, net assets of $18k.