For the Gospel Ministries

Analysis

For the Gospel Ministries is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in April 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 (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, For the Gospel Ministries reported income of $304k and spending of $359k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $574k to $304k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, For the Gospel Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within AZ. Charities of a similar size with the same main cause include New Harvest Missions International Inc ($304k), New Name Counseling and Teaching Center Inc ($304k) and Faith 2 Faith Ministries International ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $143k (40% of expenses). Other salaries and wages came to $119k. At year end it held assets of $156k against liabilities of $8,936, net assets of $147k. It reported 7 employees.