Gospel Ministries International Inc

Analysis

Gospel Ministries International Inc is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries International Inc reported income of $364k and spending of $466k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $364k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 67%. 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 Ministries International Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include CMF Ministries ($364k), Well Coffee House Boston ($364k) and Mufid Academic Seminary ($364k).

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 $90k (19% of expenses). Other salaries and wages came to $5,155. At year end it held assets of $122k against liabilities of $0, net assets of $122k. It reported 1 employees.