Gospel Volunteers Inc

Analysis

Gospel Volunteers Inc is a registered charity in United States, based in Speculator, NY. It received its IRS tax-exemption ruling in June 1938, 88 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Volunteers Inc reported income of $9.4m and spending of $10.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $9.4m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gospel Volunteers Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Williston Community Builders ($9.4m), J F Shea Therapeutic Riding Center Inc ($9.4m) and United States Field Hockey Association Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $192k (1.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $21.3m against liabilities of $1.4m, net assets of $19.9m. It reported 509 employees.