Inspirational Gospel Assembly Inc

Analysis

Inspirational Gospel Assembly Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Inspirational Gospel Assembly Inc reported income of $542k and spending of $379k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $542k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Inspirational Gospel Assembly Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Saleema Foundation ($541k), Camp Lehava Inc ($542k) and Friends of Harim Inc ($541k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.