Southern Gospel Music Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 156,690 | 176,253 | −19,563 | 76.3 | 30% |
| 2011 | 121,260 | 163,116 | −41,856 | 79.3 | 35% |
| 2012 | 135,118 | 154,673 | −19,555 | 82.1 | 33% |
| 2013 | 69,440 | 126,865 | −57,425 | 92.2 | 47% |
| 2014 | 63,146 | 110,256 | −47,110 | 100.9 | 49% |
| 2015 | 91,914 | 122,545 | −30,631 | 87.8 | 31% |
| 2016 | 99,564 | 131,997 | −32,433 | 78.6 | 42% |
| 2017 | 138,586 | 139,404 | −818 | 74.3 | 46% |
| 2018 | 104,560 | 145,692 | −41,132 | 67.7 | 47% |
| 2019 | 103,974 | 146,569 | −42,595 | 63.8 | 43% |
| 2020 | 39,139 | 79,714 | −40,575 | 111.3 | 30% |
| 2021 | 193,492 | 722,487 | −528,995 | 3.5 | 6% |
| 2022 | 216,741 | 185,995 | 30,746 | 15.5 | 32% |
| 2023 | 195,753 | 189,855 | 5,898 | 15.6 | 29% |
In its most recent public year (2023), this organization brought in $5,898 more than it spent. Its reserves stood at about 15.6 months of spending, down from 76.3 in 2010. Staff pay was 29% 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
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