Gospel Truth Ministries
- Assets
- $189.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton, MD
- Founding
- 02/2010
- Data as of
- 12/2018
- EIN
- 75-3218451
Organization Overview
Gospel Truth Ministries is located in Clinton, MD. The organization was established in 2010. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gospel Truth Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Gospel Truth Ministries generated $97.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $94.4k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
CHURCH SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwayne Stewart Founder | 20 | $15,000 | |
Carla Stewart Business Manager | 35 | $32,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,319 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $243 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,562 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,633 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $44,272 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,447 |
| Total expenses | $94,352 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,343 |
| Other assets | $0 |
| Total assets | $189,226 |
| Total liabilities | $0 |
| Net assets or fund balances | $189,226 |