Worldwide Evangelical Gospel Outreach Inc

Analysis

Worldwide Evangelical Gospel Outreach Inc is a registered charity in United States, based in Cocoa Beach, FL. It received its IRS tax-exemption ruling in November 1994, 32 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, Worldwide Evangelical Gospel Outreach Inc reported income of $221k and spending of $313k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $257k to $221k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 119% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Worldwide Evangelical Gospel Outreach Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Iglesia Bethel-J 3 16 ($221k), Daniel Foundation ($221k) and One Lifeline Ministry Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $86k. At year end it held assets of $641k against liabilities of $350, net assets of $640k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.