The Gospel Mission

Analysis

The Gospel Mission is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Gospel Mission reported income of $2.9m and spending of $3.3m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.9m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Gospel Mission sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Otr Resources ($2.9m), Memorial Community Development Corporation ($2.9m) and Youth Equipped to Succeed ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $60k (1.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.7m against liabilities of $590k, net assets of $5.1m. It reported 74 employees.