Gospel of Glory Inc

Analysis

Gospel of Glory Inc is a registered charity in United States, based in Corinth, TX. It received its IRS tax-exemption ruling in December 1991, 35 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 of Glory Inc reported income of $165k and spending of $155k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $165k (+13%), an average of +13% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel of Glory Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Global Missions Strategies Inc ($165k), Juniper Church ($165k) and Flames2fire Ministries ($165k).

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 $32k against liabilities of $163k, net assets of -$131k.