Association of Gospel Rescue Missions

Analysis

Association of Gospel Rescue Missions is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in July 1958, 68 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Association of Gospel Rescue Missions reported income of $2.4m and spending of $2.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.4m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Association of Gospel Rescue Missions sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Arizona Housing Coalition ($2.4m), Young Mens Christian Association Corsicana ($2.4m) and The Foundation for Hope Village ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $350k (14% of expenses). Other salaries and wages came to $522k. At year end it held assets of $2.9m against liabilities of $639k, net assets of $2.2m. It reported 14 employees.