Testimony Gospel Brand Ministries Inc

Analysis

Testimony Gospel Brand Ministries Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Testimony Gospel Brand Ministries Inc reported income of $198k and spending of $206k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $198k (+184%), an average of +184% a year. The sharpest change came in the year to December 2023, when income rose by 184%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Testimony Gospel Brand Ministries Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include The River Connection Ministries ($198k), Faith for Fathers ($198k) and Smoky Mountain Resort Ministries Inc ($198k).

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 $47k against liabilities of $4,322, net assets of $43k.