Gospel Transport Corp

Analysis

Gospel Transport Corp is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in October 2020, 6 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 Transport Corp reported income of $61k and spending of $52k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $61k (-14%), an average of -14% a year. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Transport Corp sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Icare Ministries ($61k), Sondance Inc ($61k) and Trinity Lakeside Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $3,319, net assets of $26k.