Gospel Glory Inc

Analysis

Gospel Glory Inc is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in December 2006, 20 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 Glory Inc reported income of $98k and spending of $99k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $98k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Glory Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Joe & Kim Stanley Ministries Inc ($98k), Life Development International ($98k) and Innovative Solutions Northwest ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Other salaries and wages came to $34k. At year end it held assets of $14k against liabilities of $0, net assets of $14k. It reported 2 employees.