Gospel Hour Inc

Analysis

Gospel Hour Inc is a registered charity in United States, based in Taylors, SC. It received its IRS tax-exemption ruling in February 1958, 68 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gospel Hour Inc reported income of $659k and spending of $698k, spending 106% of what it took in. Across the 6 years on record, from October 2019 to December 2023, income fell from $854k to $659k (-23%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income rose by 401%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Hour Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Radical Life Ministries Inc ($659k), Christian Television of New Orleans Inc ($660k) and Project Steps to Christ Inc ($659k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $106k (15% of expenses). Other salaries and wages came to $145k. At year end it held assets of $754k against liabilities of $3,293, net assets of $751k. It reported 7 employees.