Gloria World Mission

Analysis

Gloria World Mission is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in May 1999, 27 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, Gloria World Mission reported income of $585k and spending of $613k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $637k to $585k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income rose by 24%. 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, Gloria World Mission sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Friends of Chabad Morumbi Brazil Charitable Association ($585k), Thresholds Community ($585k) and Overcomers International Fellowship ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $66k (11% of expenses). Other salaries and wages came to $30k. At year end it held assets of $954k against liabilities of $80k, net assets of $875k. It reported 4 employees.