City Gospel Mission

Analysis

City Gospel Mission is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in March 1952, 74 years ago. 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 September 2023, City Gospel Mission reported income of $7.7m and spending of $9.7m, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.2m to $7.7m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to September 2020, when income rose by 63%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City Gospel Mission sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Foundation for Educational Administration ($7.7m), Central Bucks Ambulance & Rescue Unit ($7.7m) and Usta-Pacific Northwest Section ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $252k (2.6% of expenses). Other salaries and wages came to $3.8m. It paid $49k in professional fundraising fees. At year end it held assets of $27.7m against liabilities of $3.8m, net assets of $24.0m. It reported 124 employees.