His Vessel Ministries

Analysis

His Vessel Ministries is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in March 2005, 21 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, His Vessel Ministries reported income of $384k and spending of $272k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $384k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, His Vessel Ministries sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Bible Believers Tabernacle Inc ($384k), Unveiling Glory Inc ($384k) and Ministry House of Restoration San Antonio Church ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $73k (27% of expenses). Other salaries and wages came to $78k. At year end it held assets of $602k against liabilities of $4,076, net assets of $598k. It reported 1 employees.