Gospelink Inc

Analysis

Gospelink Inc is a registered charity in United States, based in Forest, VA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2020, Gospelink Inc reported income of $4.4m and spending of $3.8m, spending 87% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $4.6m to $4.4m (-3.1%), an average of -3.1% a year. 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, Gospelink Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Bible Baptist Mission Inc ($4.4m), First Methodist Church of Fort Worth Foundation Inc ($4.4m) and Ferncliff Camp & Conference Center ($4.4m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $324k (8.4% of expenses). Other salaries and wages came to $510k. It paid $4,636 in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $129k, net assets of $1.9m. It reported 19 employees.