Gospel Nuggets Inc

Analysis

Gospel Nuggets Inc is a registered charity in United States, based in West Monroe, LA. It received its IRS tax-exemption ruling in March 1977, 49 years ago. 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 February 2024, Gospel Nuggets Inc reported income of $164k and spending of $165k, spending 101% of its income. Across the 2 years on record, from February 2023 to February 2024, income fell from $192k to $164k (-15%), an average of -15% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gospel Nuggets Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within LA. Charities of a similar size with the same main cause include Washington-Allegany Residence Inc ($164k), PTA California Congress of Parents Teachers & Students Inc ($164k) and Rancho Santa Fe Rotary Foundation Inc ($164k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $178k against liabilities of $0, net assets of $178k.