Bright Sound Myung Sung Church
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 96,411 | 99,764 | −3,353 | 5.5 | — |
| 2019 | 92,082 | 94,962 | −2,880 | 3.7 | — |
| 2020 | 50,150 | 50,644 | −494 | 5.1 | — |
| 2021 | 53,750 | 39,727 | 14,023 | 10.8 | — |
| 2022 | 61,824 | 52,887 | 8,937 | 10.1 | — |
| 2023 | 72,773 | 51,271 | 21,502 | 8.7 | — |
In its most recent public year (2023), this organization brought in $21,502 more than it spent. Its reserves stood at about 8.7 months of spending, up from 5.5 in 2018.
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
Bright Sound Myung Sung Church'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