Gospel Express Evangelistic Team Ministry Inc

Analysis

Gospel Express Evangelistic Team Ministry Inc is a registered charity in United States, based in Lynn, NC. It received its IRS tax-exemption ruling in April 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 June 2023, Gospel Express Evangelistic Team Ministry Inc reported income of $2.3m and spending of $2.5m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.3m (+99%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Express Evangelistic Team Ministry Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Touching Lives Inc ($2.3m), Restored Community Church Inc ($2.3m) and Holy Love Ministries ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $72k (2.9% of expenses). Other salaries and wages came to $525k. At year end it held assets of $2.3m against liabilities of $94k, net assets of $2.3m. It reported 24 employees.