GC Ministries Inc

Analysis

GC Ministries Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, GC Ministries Inc reported income of $289k and spending of $249k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $169k to $289k (+72%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, GC Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Fabsit ($289k), Belize Mission Society ($290k) and American Palestinian Relief Association ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (22% of expenses). At year end it held assets of $145k against liabilities of $105k, net assets of $40k.