Power of Gospel Ministries

Analysis

Power of Gospel Ministries is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in January 2003, 23 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, Power of Gospel Ministries reported income of $53k and spending of $34k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $53k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Power of Gospel Ministries sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Centro Cristiano Nuevos Comienzos ($53k), Couples for Christ-North Carolina ($53k) and Hope Outreach International Inc ($53k).

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 $281k against liabilities of $0, net assets of $281k.