True Gospel Church Ministry

Analysis

True Gospel Church Ministry is a registered charity in United States, based in White Plains, MD. It received its IRS tax-exemption ruling in October 2010, 16 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, True Gospel Church Ministry reported income of $62k and spending of $117k, spending 190% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $62k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 157% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, True Gospel Church Ministry sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include Spiritual Awareness Fellowship of Chicago ($62k), Indo-Chinese Association of San Diego Inc ($62k) and Iglesia Casa de Dios Illinois ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.