Gospel Chariot Missions Inc

Analysis

Gospel Chariot Missions Inc is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in September 2018, 8 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, Gospel Chariot Missions Inc reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.5m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Chariot Missions Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include International Congress of Churches and Ministers ($1.5m), Grace Bible Fellowship of Antioch ($1.5m) and International Hotel Senior Housing Inc ($1.5m).

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 $106k (7.2% of expenses). Other salaries and wages came to $271k. At year end it held assets of $929k against liabilities of $1,607, net assets of $928k.