Gospel Carrier International Inc

Analysis

Gospel Carrier International Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in December 1993, 33 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, Gospel Carrier International Inc reported income of $139k and spending of $271k, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $235k to $139k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Carrier International Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Episcopal Network for Stewardship Inc ($139k), Centro Biblico Internacional de Hialeah ($140k) and First Nigerian Baptist Church ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $85k (31% of expenses). At year end it held assets of $1.0m against liabilities of $75k, net assets of $954k. It reported 1 employees.