Mexican Gospel Mission Inc

Analysis

Mexican Gospel Mission Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1944, 82 years ago. 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, Mexican Gospel Mission Inc reported income of $588k and spending of $628k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $588k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mexican Gospel Mission Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AZ. Charities of a similar size with the same main cause include National Church Residences ($588k), World Hope Inc ($588k) and Crawford County Board for People with Developmental Disabilities ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $324k. At year end it held assets of $319k against liabilities of $42k, net assets of $277k. It reported 17 employees.