Gospel Life Global Missions Incorporated

Analysis

Gospel Life Global Missions Incorporated is a registered charity in United States, based in Hardin, KY. It received its IRS tax-exemption ruling in December 2016, 10 years ago. 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 July 2023, Gospel Life Global Missions Incorporated reported income of $345k and spending of $269k, leaving 22% of income unspent that year. Across the 3 years on record, from July 2020 to July 2023, income grew from $186k to $345k (+86%), an average of +36% a year. The sharpest change came in the year to July 2021, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gospel Life Global Missions Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include PTA Colorado Congress ($345k), Sunflower Community Action Inc ($345k) and Habitat for Humanity International Inc ($345k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $41k. At year end it held assets of $114k against liabilities of $0, net assets of $114k. It reported 1 employees.