Tim and Gaye Goad Ministries Inc

Analysis

Tim and Gaye Goad Ministries Inc is a registered charity in United States, based in Celebration, FL. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Tim and Gaye Goad Ministries Inc reported income of $121k and spending of $203k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $458k to $121k (-74%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tim and Gaye Goad Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Campus Christian Fellowship CCF at Appalachian State University ($121k), Rosary Army Corp ($121k) and Culture Is Not Optional NFP ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $142k (70% of expenses). Other salaries and wages came to $11k. At year end it held assets of $507k against liabilities of $0, net assets of $507k. It reported 2 employees.