Gospel Projects

Analysis

Gospel Projects is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2015, 11 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 Projects reported income of $68k and spending of $70k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $68k (-97%), an average of -58% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 123% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Projects sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 14th percentile within DC. Charities of a similar size with the same main cause include Spirit Hollow ($68k), Sweetwater Springs Biblical Counseling Center Inc ($68k) and Jehovah Raphas House of Healing Church Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $4,239 against liabilities of $0, net assets of $4,239.