Gospel Mission Aviation Inc

Analysis

Gospel Mission Aviation Inc is a registered charity in United States, based in Ooltewah, TN. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Mission Aviation Inc reported income of $115k and spending of $150k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $182k to $115k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gospel Mission Aviation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Black Social Capital Initiative Inc ($115k), Oregon Child Nutrition Coalition Inc ($115k) and Aurora Charitable Foundation Inc ($115k).

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 $140k against liabilities of $0, net assets of $140k.