Gkerr Ministries Corp

Analysis

Gkerr Ministries Corp is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in November 2017, 9 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, Gkerr Ministries Corp reported income of $53k and spending of $51k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $53k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gkerr Ministries Corp sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Family Baptist Church Inc ($53k), Refuge of Hope ($53k) and Church of the Nativity of Christ Foundation ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $45k (88% of expenses). At year end it held assets of $16k against liabilities of $22k, net assets of -$5,441.