Kerusomen Gospel Ministries

Analysis

Kerusomen Gospel Ministries is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in March 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 (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, Kerusomen Gospel Ministries reported income of $122k and spending of $88k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $122k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kerusomen Gospel Ministries sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Iglesia Pentecostal Unida Hispana Atlanta Inc ($122k), Jewish Community Center in Sherman Inc ($122k) and Centro Cristiano de Liberacion Y Restauracion LA Senda Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.