True Gospel Holiness Christian Center Inc

Analysis

True Gospel Holiness Christian Center Inc is a registered charity in United States, based in N Miami Beach, FL. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, True Gospel Holiness Christian Center Inc reported income of $233k and spending of $141k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $233k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, True Gospel Holiness Christian Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Carry the Cross Ministries ($233k), Staunton Augusta Church Relief Association Inc ($233k) and Stepping Stone Ministry Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $72k (51% of expenses). At year end it held assets of $1.4m against liabilities of $1.5m, net assets of -$24k. It reported 1 employees.