New York Gospel Ministries Inc

Analysis

New York Gospel Ministries Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2002, 24 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, New York Gospel Ministries Inc reported income of $148k and spending of $138k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $148k (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New York Gospel Ministries Inc sits at the 56th percentile: it is larger than about 56% 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 Cry of Deliverance Inc ($148k), Runners Refuge Ministries ($148k) and Sri Siddha Lalitha Peetham Inc ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $21k (16% of expenses). At year end it held assets of $72k against liabilities of $0, net assets of $72k. It reported 1 employees.