Ministry Spotlight: World Gospel Mission
Organization drops to a 0-Star rating, doesn’t make 990s available to public
World Gospel Mission’s MinistryWatch rating recently fell to 0-Stars, and its Transparency Grade dropped from a C to a D — “Exercise Caution” in giving.
This is, in large part, because the organization does not make its Form 990s public. According to its Guidestar profile, the organization is classified as a church. World Gospel Mission (WGM) has joined a growing number of ministries that have petitioned the IRS to be reclassified as a church.
Jared Gleason, WGM’s vice president of Operations/CFO, told MinistryWatch that although WGM is a 501(c)3, “the IRS exempts us from filing Form 990.”
“However, we do have an annual independent audit and publish those audited financial statements on our website,” he said. “These audited financial statements detail the consolidated financial position of WGM.”
Form 990s have information that audited financial reports do not. This includes the salaries of key employees, names of board members and large contractors, and the amount of money the organization spends on its core mission.
WGM’s ECFA profile shows that, in 2024, the organization had a revenue of $30.7 million, and its expenses were $25.8 million. According to WGM’s 2024 Annual Report, the organization spent $21.3 million on programming.
WGM currently has $49.8 million in net assets.
Access to MinistryWatch content is free. However, we hope you will support our work with your prayers and financial gifts. To make a donation, click here.
“As noted in our audited financial statements, our net assets consist of $11,526,025 in assets without donor restrictions and $38,311,042 with donor restrictions,” Gleason told MinistryWatch. “Page 28 of our audited financial statements gives further detail.”
WGM is a global missions and church planting organization based out of Indiana. They operate in 38 countries, and support both long and short term missions.
MinistryWatch Donor Confidence Score: 48 (out of a possible 100) “Exercise Caution”
MinistryWatch Financial Efficiency Rating: 0 Stars (out of a possible 5 Stars)
MinistryWatch Transparency Grade: D
Revenue in Most Recent Year Available (from audited financial): $30,785,926
Five-Year Revenue Trend: Unable to calculate because they do not release Form 990s.
Percent of Revenue World Gospel Mission Spends on Fundraising: Unable to calculate because they do not release Form 990s.
Percent Peer Group Spends on Fundraising: N/A
CEO/President: Dr. Dan Schafer
President’s Salary and Other Compensation: Unable to calculate because they do not release Form 990s.
A complete MinistryWatch profile for World Gospel Mission can be found here.
TO OUR READERS: Do you have a story idea, or do you want to give us feedback about this or any other story? Please email us: [email protected]
