Global Gospel Books

Analysis

Global Gospel Books is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1964, 62 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 June 2023, Global Gospel Books reported income of $53k and spending of $44k, spending 83% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $100k to $53k (-47%), an average of -28% a year. The sharpest change came in the year to June 2021, when income dropped by 33%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global Gospel Books sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($53k), The West 500 Corporation ($53k) and Quincy Volunteer Fire Department ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.