Gospel Tract Society Inc

Analysis

Gospel Tract Society Inc is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in March 1968, 58 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Tract Society Inc reported income of $263k and spending of $342k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $375k to $263k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gospel Tract Society Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within MO. Charities of a similar size with the same main cause include Wilkes Art Gallery Inc ($263k), Hilliard Arts Council Corporation ($263k) and Just Enterprises Inc ($263k).

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 $49k (14% of expenses). Other salaries and wages came to $107k. At year end it held assets of $370k against liabilities of $40, net assets of $370k. It reported 7 employees.