Gospel Perfecting Center Inc

Analysis

Gospel Perfecting Center Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gospel Perfecting Center Inc reported income of $255k and spending of $270k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $256k to $255k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gospel Perfecting Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Rome City Schools Band Boosters Association ($255k), Minnesota Teachers of English to Speakers of Other Languages ($255k) and Pennies for Heaven Fund Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.8% of the total. At year end it held assets of $18k against liabilities of $10k, net assets of $8,165.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.