Tri-State Gospel Inc

Analysis

Tri-State Gospel Inc is a registered charity in United States, based in Walton, KY. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2024, Tri-State Gospel Inc reported income of $59k and spending of $59k, spending 101% of its income. Across the 3 years on record, from June 2019 to June 2024, income fell from $211k to $59k (-72%), an average of -47% a year. The sharpest change came in the year to June 2023, when income dropped by 67%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tri-State Gospel Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within KY. Charities of a similar size with the same main cause include Ramakrishna Vedanta Society of North Carolina ($59k), Caribbean Partnership Mission ($59k) and Professional Renewal Initiative ($59k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,953 against liabilities of $0, net assets of $5,953.