Gospel Homes for Women

Analysis

Gospel Homes for Women is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Gospel Homes for Women reported income of $155k and spending of $170k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $155k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 116%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gospel Homes for Women sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within CO. Charities of a similar size with the same main cause include Oath Recovery Inc ($155k), Door County Housing Partnership Inc ($155k) and Commonweal Conservancy Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $20k (12% of expenses). Other salaries and wages came to $56k. At year end it held assets of $315k against liabilities of $174k, net assets of $141k. It reported 9 employees.