Virtus Et Veritas Ministries

Analysis

Virtus Et Veritas Ministries is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Virtus Et Veritas Ministries reported income of $322k and spending of $207k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $322k (+137%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virtus Et Veritas Ministries sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NE. Charities of a similar size with the same main cause include Boa Editions Ltd ($322k), Pba Widows & Childrens Fund Inc ($322k) and Society for the Prevention of Cruelty to Animals of Polk Co TX ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $79k. At year end it held assets of $188k against liabilities of $33k, net assets of $155k. It reported 2 employees.