Gospel Recordings

Analysis

Gospel Recordings is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1945, 81 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Recordings reported income of $1.5m and spending of $1.2m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gospel Recordings sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Community Kollel of Greater Las Vegas ($1.5m), Oakton Foundation Inc ($1.5m) and Gathering at Forestville Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $478k. At year end it held assets of $3.5m against liabilities of $4,933, net assets of $3.5m. It reported 20 employees.