Salem Gospel Mission International - Bronx Assembly

Analysis

Salem Gospel Mission International - Bronx Assembly is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2012, 14 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, Salem Gospel Mission International - Bronx Assembly reported income of $151k and spending of $212k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $151k (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 151% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Salem Gospel Mission International - Bronx Assembly sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Ravens Uganda ($151k), MCN International Inc ($151k) and From His Heart Ministries Inc ($151k).

At year end it held assets of $673k against liabilities of $673k, net assets of $0.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.