Gospel Center Inc

Analysis

Gospel Center Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gospel Center Inc reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2018 to December 2023, income fell from $1.2m to $1.1m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within MO. Charities of a similar size with the same main cause include Apostles of the Way ($1.1m), Be One Together Inc ($1.1m) and Jewish Unity International Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $64k (6.1% of expenses). Other salaries and wages came to $520k. At year end it held assets of $538k against liabilities of $131k, net assets of $407k. It reported 34 employees.