Gospel Opportunities Inc

Analysis

Gospel Opportunities Inc is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in May 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Gospel Opportunities Inc reported income of $335k and spending of $371k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $331k to $335k (+1.1%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gospel Opportunities Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Community Doula Alliance ($335k), Diversity of Dance Inc ($335k) and Young Lions Jazz Conservatory ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). Other salaries and wages came to $80k. At year end it held assets of $421k against liabilities of $2,794, net assets of $419k. It reported 18 employees.