Gospel Outbound Inc

Analysis

Gospel Outbound Inc is a registered charity in United States, based in Sebring, FL. It received its IRS tax-exemption ruling in July 1998, 28 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, Gospel Outbound Inc reported income of $316k and spending of $309k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $316k (+171%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 192%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Outbound Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Word of Messiah Ministries Inc ($316k), Quan Am Temple of Buddhist Cultural Centre of Cleveland-Ohio ($316k) and Witness to the Nations Inc ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $202k against liabilities of $167k, net assets of $35k.