Gospel Rescue Mission Inc

Analysis

Gospel Rescue Mission Inc is a registered charity in United States, based in Muskogee, OK. It received its IRS tax-exemption ruling in October 1934, 92 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 September 2023, Gospel Rescue Mission Inc reported income of $854k and spending of $842k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $372k to $854k (+130%), an average of +23% a year. The sharpest change came in the year to September 2020, when income rose by 196%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gospel Rescue Mission Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include Family Dog & Puppy Rescue ($854k), Gospel Patrons Inc ($854k) and South Park Senior Citizens ($853k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $73k (8.7% of expenses). Other salaries and wages came to $420k. At year end it held assets of $2.0m against liabilities of $31k, net assets of $2.0m. It reported 17 employees.