Gospel Underground

Analysis

Gospel Underground is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in July 2016, 10 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 August 2024, Gospel Underground reported income of $229k and spending of $184k, spending 80% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $177k to $229k (+29%), an average of +6.6% a year. The sharpest change came in the year to August 2024, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Underground sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Vaad Lerabbonim of Chicago ($229k), Marvelous Quran ($229k) and Roc Recovery Center ($229k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $126k (69% of expenses). At year end it held assets of $220k against liabilities of $0, net assets of $220k. It reported 1 employees.