World Gospel Mission

Analysis

World Gospel Mission is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in April 1993, 33 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, World Gospel Mission reported income of $937k and spending of $920k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $861k to $937k (+8.8%), an average of +2.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Gospel Mission sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Florida United Soccer Club Inc ($937k), Saco Housing Development Corp ($937k) and Esperanza Center Health Services Inc ($937k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $486k against liabilities of $109k, net assets of $376k.