Gospel Revivals Inc

Analysis

Gospel Revivals Inc is a registered charity in United States, based in Seelyville, IN. It received its IRS tax-exemption ruling in November 1943, 83 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 Revivals Inc reported income of $482k and spending of $572k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $699k to $482k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gospel Revivals Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include E C Reems International Ministries ($482k), Four Winds of Indian Education ($482k) and Towamencin Youth Association ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $86k (15% of expenses). Other salaries and wages came to $91k. At year end it held assets of $1.0m against liabilities of $10k, net assets of $1.0m. It reported 3 employees.