Gospel Network Support Inc

Analysis

Gospel Network Support Inc is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in June 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 Network Support Inc reported income of $223k and spending of $236k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $223k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Network Support Inc 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 Council of Orange County Society of St Vincent de Paul ($223k), Inner-City Movement Inc ($223k) and Bridge Steps Inc ($223k).

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 $6,755 (2.9% of expenses). At year end it held assets of $64k against liabilities of $66k, net assets of -$2,423.