Gospel Systems

Analysis

Gospel Systems is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Systems reported income of $233k and spending of $286k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $233k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Gospel Systems sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Jerry Cebulski African Disability Foundation Inc ($233k), International Missionary Fellowship Inc ($233k) and Trade Routes Collective Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.