Gospel Patrons Inc

Analysis

Gospel Patrons Inc is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in February 1985, 41 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 Patrons Inc reported income of $854k and spending of $1.0m, spending 121% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income grew from $662k to $854k (+29%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gospel Patrons Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Gospel Rescue Mission Inc ($854k), The Help Center Inc ($854k) and Family Dog & Puppy Rescue ($854k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $415k. At year end it held assets of $473k against liabilities of $6,280, net assets of $466k. It reported 2 employees.