Gospel Outreach Ministries Inc

Analysis

Gospel Outreach Ministries Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in August 2014, 12 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 Outreach Ministries Inc reported income of $115k and spending of $127k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $137k to $115k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income rose by 163%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Outreach Ministries Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OK. Charities of a similar size with the same main cause include Xpose Hope ($115k), American Wheat Mission Inc ($115k) and Congregation Chomat Jerusalem Inc ($115k).

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 $7,154 (5.6% of expenses). At year end it held assets of $22k against liabilities of $0, net assets of $22k.