Gospel Family Ministries

Analysis

Gospel Family Ministries is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gospel Family Ministries reported income of $120k and spending of $139k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $120k (-5.4%), an average of -5.4% a year. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Family Ministries sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Get the Word Out ($120k), San Ramon Valley Education Foundation ($120k) and Hope Csa Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $231, net assets of $20k.