Gospel Broadcasting Inc

Analysis

Gospel Broadcasting Inc is a registered charity in United States, based in Dobson, NC. It received its IRS tax-exemption ruling in March 2002, 24 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 Broadcasting Inc reported income of $327k and spending of $308k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $237k to $327k (+38%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Broadcasting Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Sri Satyanarayana Swamy Temple of Atlanta Inc ($327k), Nasareanorg Inc ($327k) and Legacy Fund for Outreach Community Ministries ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $89k. At year end it held assets of $701k against liabilities of $215k, net assets of $486k. It reported 4 employees.