Gospel TLC Inc

Analysis

Gospel TLC Inc is a registered charity in United States, based in Weston, WI. It received its IRS tax-exemption ruling in June 2023, 3 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 TLC Inc reported income of $281k and spending of $246k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $56k to $281k (+403%), an average of +71% a year. The sharpest change came in the year to December 2021, when income rose by 694%. Over the whole period it spent 28% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel TLC Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Iowa Caregivers ($280k), New Life Outreach Ministry Incorporated ($281k) and Sri Hanuman Temple of North America ($280k).

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 $67k (27% of expenses). Other salaries and wages came to $43k. At year end it held assets of $1.2m against liabilities of $7,958, net assets of $1.2m. It reported 6 employees.