General Council of the Assemblies of God

Analysis

General Council of the Assemblies of God is a registered charity in United States, based in Gainesville, VA. It received its IRS tax-exemption ruling in August 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, General Council of the Assemblies of God reported income of $1.4m and spending of $1.5m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, General Council of the Assemblies of God sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Meals on Wheels of Mercer County Inc ($1.4m), Chochmat Shlomo USA Inc ($1.4m) and The College of the Canyons Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $71k (4.7% of expenses). Other salaries and wages came to $368k. At year end it held assets of $1.5m against liabilities of $713k, net assets of $812k. It reported 68 employees.