Gospel Enterprises Inc
EIN: 581479882 · Lake Waccamaw, NC · NTEE: X21Z
| Metric | Value |
|---|---|
| Total Revenue | $828K |
| Total Expenses | $789K |
| Net Assets | $855K |
Is Gospel Enterprises Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gospel Enterprises Inc
Gospel Enterprises Inc (EIN: 581479882) is a nonprofit organization based in Lake Waccamaw, NC, classified under NTEE code X21Z. The organization reported total revenue of $828K and total assets of $855K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gospel Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gospel Enterprises Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $828K |
| Total Expenses | $789K |
| Surplus / Deficit | +$39K |
| Total Assets | $855K |
| Total Liabilities | $399 |
| Net Assets | $855K |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2022, Gospel Enterprises Inc reported a surplus of $39K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2022), Gospel Enterprises Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +7.8% | +23.8% | -2.4% |
| 2021 | +44.7% | +29.2% | +10.7% |
| 2020 | -6.0% | -14.8% | +2.4% |
| 2019 | -1.2% | +5.4% | -6.5% |
| 2018 | +4.6% | -2.1% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gospel Enterprises Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gospel Enterprises Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Gospel Enterprises Inc
Is Gospel Enterprises Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gospel Enterprises Inc (EIN: 581479882) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gospel Enterprises Inc spend its money?
Detailed spending breakdown data is not yet available for Gospel Enterprises Inc. Check back for updated IRS 990 analysis.
Are donations to Gospel Enterprises Inc tax-deductible?
Gospel Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 581479882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gospel Enterprises Inc located?
Gospel Enterprises Inc is headquartered in Lake Waccamaw, North Carolina and files with the IRS under EIN 581479882. It is classified under NTEE code X21Z.
How many years of IRS 990 filings does Gospel Enterprises Inc have?
Gospel Enterprises Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $828K in total revenue.
Filing History
IRS 990 filing history for Gospel Enterprises Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Gospel Enterprises Inc's revenue has grown by 65.4%, moving from $501K to $828K. Total assets decreased by 17.9% over the same period, from $1.0M to $855K. Total functional expenses rose by 51.5%, from $520K to $789K. In its most recent filing year (2022), Gospel Enterprises Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $399 in liabilities against $855K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $855K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $828K | $789K | $855K | $399 | — | View 990 |
| 2021 | $768K | $637K | $876K | $61K | — | View 990 |
| 2020 | $531K | $493K | $791K | $107K | — | — |
| 2019 | $565K | $578K | $773K | $126K | — | View 990 |
| 2018 | $572K | $549K | $826K | $166K | — | View 990 |
| 2017 | $546K | $560K | $854K | $217K | — | View 990 |
| 2016 | $547K | $557K | $833K | $184K | — | View 990 |
| 2015 | $520K | $512K | $868K | $209K | — | View 990 |
| 2014 | $517K | $542K | $903K | $252K | — | View 990 |
| 2013 | $529K | $545K | $937K | $261K | — | View 990 |
| 2012 | $486K | $493K | $976K | $284K | — | View 990 |
| 2011 | $488K | $506K | $1.0M | $324K | — | View 990 |
| 2010 | $501K | $520K | $1.0M | $325K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $828K, expenses of $789K, and assets of $855K (revenue +7.8% year-over-year).
- 2021: Revenue of $768K, expenses of $637K, and assets of $876K (revenue +44.7% year-over-year).
- 2020: Revenue of $531K, expenses of $493K, and assets of $791K (revenue -6.0% year-over-year).
- 2019: Revenue of $565K, expenses of $578K, and assets of $773K (revenue -1.2% year-over-year).
- 2018: Revenue of $572K, expenses of $549K, and assets of $826K (revenue +4.6% year-over-year).
- 2017: Revenue of $546K, expenses of $560K, and assets of $854K (revenue -0.2% year-over-year).
- 2016: Revenue of $547K, expenses of $557K, and assets of $833K (revenue +5.3% year-over-year).
- 2015: Revenue of $520K, expenses of $512K, and assets of $868K (revenue +0.6% year-over-year).
- 2014: Revenue of $517K, expenses of $542K, and assets of $903K (revenue -2.4% year-over-year).
- 2013: Revenue of $529K, expenses of $545K, and assets of $937K (revenue +8.9% year-over-year).
- 2012: Revenue of $486K, expenses of $493K, and assets of $976K (revenue -0.4% year-over-year).
- 2011: Revenue of $488K, expenses of $506K, and assets of $1.0M (revenue -2.6% year-over-year).
- 2010: Revenue of $501K, expenses of $520K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gospel Enterprises Inc:
Data Sources and Methodology
This transparency report for Gospel Enterprises Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.