Gospel Ministries International Inc

Analysis

Gospel Ministries International Inc is a registered charity in United States, based in Collegedale, TN. It received its IRS tax-exemption ruling in October 2001, 25 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 Ministries International Inc reported income of $3.0m and spending of $3.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $3.0m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Ministries International Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Chapel Haven Endowment Inc ($3.0m), Buddhist Digital Resource Center Inc ($3.0m) and Wind River Ministries Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $93k. At year end it held assets of $2.4m against liabilities of $1.0m, net assets of $1.4m. It reported 4 employees.