Gospel Partners Inc

Analysis

Gospel Partners Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 1966, 60 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, Gospel Partners Inc reported income of $52k and spending of $51k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $52k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gospel Partners Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within AZ. Charities of a similar size with the same main cause include Hanover Central Wildcat Pride Gridiron Club ($52k), Illinois Chamber Foundation ($52k) and Northeast Oklahoma Veterans Freedom Tours Inc ($52k).

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 $27k against liabilities of $0, net assets of $27k.