Gospel Care Ministry Inc

Analysis

Gospel Care Ministry Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gospel Care Ministry Inc reported income of $241k and spending of $204k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $241k (+185%), an average of +185% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Care Ministry Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Revival Mandate International ($241k), New Jersey Family Foundation ($241k) and Centro Cristiano Familia de Fe Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 39% of the total. Other salaries and wages came to $102k. At year end it held assets of $93k against liabilities of -$221, net assets of $93k. It reported 4 employees.