Tabernacle de Gozo Inc

Analysis

Tabernacle de Gozo Inc is a registered charity in United States, based in East Meadow, NY. It received its IRS tax-exemption ruling in August 1991, 35 years ago. 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 2022, Tabernacle de Gozo Inc reported income of $242k and spending of $202k, spending 83% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $405k to $242k (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tabernacle de Gozo Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include First United Methodist Church Foundation Inc ($242k), Fidos for Freedom Inc ($242k) and Read Aloud West Virginia Inc ($242k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $650 (0.3% of expenses). At year end it held assets of $117k against liabilities of $215k, net assets of -$98k.