Wales Goebel Ministry

Analysis

Wales Goebel Ministry is a registered charity in United States, based in Vestavia HLS, AL. It received its IRS tax-exemption ruling in July 1969, 57 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 2021, Wales Goebel Ministry reported income of $75k and spending of $146k, spending 196% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $220k to $75k (-66%), an average of -42% a year. The sharpest change came in the year to December 2021, when income dropped by 68%. Over the whole period it spent 190% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wales Goebel Ministry sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within AL. Charities of a similar size with the same main cause include Iglesia Evangelica Fuente de Vida Inc ($75k), I Am Born Again Ministries Inc ($75k) and Templo Agua Viva Inc ($75k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $87k. At year end it held assets of $168k against liabilities of $0, net assets of $168k. It reported 6 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.