Inspire Music Service Hope Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 97,116 | 88,773 | 8,343 | 4.2 | — |
| 2019 | 174,548 | 170,181 | 4,367 | 2.5 | — |
| 2020 | 116,747 | 111,548 | 5,199 | 4.4 | — |
| 2021 | 215,899 | 236,719 | −20,820 | 1.1 | 14% |
| 2022 | 331,745 | 505,069 | −173,324 | -3.6 | 12% |
| 2023 | 288,484 | 467,103 | −178,619 | -8.5 | 10% |
In its most recent public year (2023), this organization spent $178,619 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.5 months), down from 4.2 in 2018. Staff pay was 10% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Inspire Music Service Hope Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works