Overview
What is Gospelink Inc?
Gospelink Inc, situated in Lynchburg, Virginia, is a nonprofit organization dedicated to supporting and aiding national missionaries globally. With over 1100 preachers being sponsored at the end of 2020, they operate in 14 countries worldwide. Their mission encompasses providing financial assistance, arranging short-term mission trips, and addressing both spiritual and physical needs of these missionaries. Additionally, they offer opportunities for education and training, contributing to the overall growth and welfare of the missionaries they serve. With a team of 19 individuals, Gospelink Inc plays a significant role in fostering and strengthening religious and community initiatives on a global scale.
Official website here: www.gospelink.org
What are the reviews and ratings of this charity?
Overall : Charity Navigator Rating 93% (Four-Star out of Four Stars )Star rating)
Gospelink Inc has achieved a strong rating of 93%, reflecting its solid performance in accountability and finance. The organization boasts an independent board with a majority holding 71% of its members, which contributes to transparent governance practices. Key policies such as conflict of interest, whistleblower protections, and document retention are in place, demonstrating a commitment to ethical standards.
Financially, the charity allocates a substantial 87.67% of its expenses directly to programs, indicating strong programmatic effectiveness. The organization maintains a low liabilities-to-assets ratio of 6.40%, showcasing a healthy financial position. Furthermore, its fundraising efficiency is commendable, with a minimal cost of just $0.05 to raise a dollar, highlighting effective resource management.
While Gospelink Inc presents many strengths, the working capital ratio of 0.44 years suggests some limitations in short-term financial flexibility. Overall, the nonprofit stands out for its strong governance, effective use of funds, and commitment to transparency, making it a reliable choice for donors seeking to support impactful charitable work.
This AI summary has been generated from information found on Charity Navigator.
Is Gospelink Inc legitimate?
Gospelink Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gospelink Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $324,017
Professional Fundraising Fees: $4,636
Other Salaries and Wages: $510,410
For more financial information, click here
Official website here: www.gospelink.org
What is the mission statement of Gospelink Inc?
Gospelink Inc's mission involves providing financial and practical support to national missionaries worldwide. They organize short-term mission trips to collaborate with these missionaries, focusing on their spiritual development and addressing their physical needs. The organization serves as an intermediary, facilitating financial sponsorships for over 1100 preachers in 14 countries as of December 31, 2020. Gospelink Inc's goal is to assist these missionaries and contribute to their overall well-being, thereby furthering their religious work.
Official website here: www.gospelink.org
Who is the CEO of Gospelink Inc?
Charles Pace is the President And Chairman Of Board of Gospelink Inc.
Official website here: www.gospelink.org
What is the revenue of Gospelink Inc?
Gospelink Inc's revenue in 2020 was $4,408,729.
Official website here: www.gospelink.org
Who are the executives of Gospelink Inc and what are their salaries?
The average compensation at Gospelink Inc during 2020 was $43,917. There are 19 employees and 25 volunteers at Gospelink Inc.
Here are 9 key members and their salaries:
- Compensation: $72,500
- Related: $0
- Other: $30,000
- Compensation: $57,000
- Related: $0
- Other: $42,000
- Compensation: $64,900
- Related: $0
- Other: $18,000
- Compensation: $39,617
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gospelink.org
Where can I find the form 990 for Gospelink Inc?
Gospelink Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.gospelink.org
Learn more at the official website: www.gospelink.org
Mission Statement of Gospelink Inc
Gospelink Inc, a nonprofit organization, is dedicated to supporting national missionaries worldwide. Their primary mission involves providing financial sponsorships and organizing short-term mission trips. These initiatives enable them to collaborate with these missionaries, aiding them in their spiritual development and addressing their physical needs. Gospelink Inc's role as an intermediary allows them to connect with and assist over 1100 preachers in 14 different countries at the end of 2020. The organization's work is instrumental in empowering these missionaries, enabling them to carry out their religious and charitable duties more effectively.
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Impact
July, 2024
Gospelink Inc's impact includes funding and assisting over 1100 national missionaries in 14 countries worldwide. They provide financial sponsorships to support these missionaries in their work, which involves activities such as education, spiritual training, and meeting physical needs. Additionally, Gospelink offers short-term mission trips that allow individuals to work alongside these missionaries and support their efforts directly. Through these initiatives, Gospelink is making a meaningful contribution to spreading religious teachings and supporting communities in various parts of the world.
This information is meant to be a general summary of Gospelink Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $26,464
- Gross Receipts: $4,541,163
Assets and Liabilities:
- Total Assets: $2,017,430
- Total Liabilities: $129,124
- Net Assets: $1,888,306
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Organization Details
Founding Year
1998
Phone
(434) 485-7007Principal Officer
Charles Pace
Main Address
PO Box 4299, Lynchburg, VA, 245020299
Website
www.gospelink.orgNTEE Category
Code: X20 - Religion related
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