Gospel Ventures Inc

Analysis

Gospel Ventures Inc is a registered charity in United States, based in Hayward, WI. It received its IRS tax-exemption ruling in October 1978, 48 years ago. 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 Ventures Inc reported income of $62k and spending of $79k, spending 126% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $78k to $62k (-20%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gospel Ventures Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within WI. Charities of a similar size with the same main cause include PTA Colorado Congress ($62k), Butler-Freeport Community Trail Council Inc ($62k) and Izaak Walton League of America Inc ($62k).

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 $30k (38% of expenses). At year end it held assets of $14 against liabilities of $0, net assets of $14.