Silver City Gospel Mission

Analysis

Silver City Gospel Mission is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Silver City Gospel Mission reported income of $177k and spending of $153k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $212k to $177k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver City Gospel Mission sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NM. Charities of a similar size with the same main cause include Mother Mentors of Whidbey Island ($177k), 4north Project Inc ($177k) and Hillside Opening Possibilities for Everyone Inc ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $388k against liabilities of $0, net assets of $388k.