Simple Gospel Ministries

Analysis

Simple Gospel Ministries is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Simple Gospel Ministries reported income of $67k and spending of $29k, leaving 57% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $52k to $67k (+29%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Simple Gospel Ministries sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Singh Sabha Inc ($67k), Living Waters Outreach Ministries ($67k) and Vietnamese Catholic Congregation in Fort Smith Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.