Gospel Music Hymn Sing Foundation Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 254,191 | 211,368 | 42,823 | 10.9 | 0% |
| 2022 | 209,787 | 187,998 | 21,789 | 13.6 | 0% |
| 2023 | 344,911 | 311,661 | 33,250 | 9.5 | 0% |
| 2024 | 452,005 | 442,592 | 9,413 | 6.9 | 0% |
In its most recent public year (2024), this organization brought in $9,413 more than it spent. Its reserves stood at about 6.9 months of spending, down from 10.9 in 2021. Staff pay was 0% 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 2024. 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
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