Gilead Ministries Inc

Analysis

Gilead Ministries Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in October 2019, 7 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, Gilead Ministries Inc reported income of $260k and spending of $213k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $260k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 52%. 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, Gilead Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Kingdom Resources for Christ Inc ($260k), G6 Allies Inc ($260k) and Jafaria Islamic Society ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $65k (30% of expenses). Other salaries and wages came to $51k. At year end it held assets of $242k against liabilities of $0, net assets of $242k. It reported 7 employees.