Gospel Heritage Foundation

Analysis

Gospel Heritage Foundation is a registered charity in United States, based in Placerville, CA. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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, Gospel Heritage Foundation reported income of $394k and spending of $270k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $394k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gospel Heritage Foundation sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Sauratown Volunteer Fire Department Incorporated ($394k), Surfside Players Inc ($394k) and Mississippi Forestry Foundation Inc ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Compensation of current officers, directors and key employees was $52k (19% of expenses). Other salaries and wages came to $92k. At year end it held assets of $337k against liabilities of $4,186, net assets of $333k. It reported 4 employees.