Proclaiming the Gospel

Analysis

Proclaiming the Gospel is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in January 1996, 30 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 2023, Proclaiming the Gospel reported income of $619k and spending of $284k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $619k (+130%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Proclaiming the Gospel sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Upwords Inc ($618k), Christian Friends of New Americans ($619k) and Radio MV U-Turn Ministry ($618k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $134k (47% of expenses). At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 1 employees.