Global Music Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 152,073 | 306,264 | −154,191 | -4.0 | — |
| 2011 | 171,044 | 343,954 | −172,910 | -9.6 | — |
| 2012 | 102,264 | 63,335 | 38,929 | -44.8 | — |
| 2013 | 92,887 | 122,716 | −29,829 | -26.0 | — |
| 2014 | 124,311 | 89,342 | 34,969 | -31.0 | — |
| 2015 | 217,644 | 165,267 | 52,377 | -13.0 | 0% |
| 2016 | 266,779 | 245,245 | 21,534 | -7.7 | 0% |
| 2017 | 133,286 | 110,200 | 23,086 | -14.6 | — |
| 2018 | 190,179 | 90,364 | 99,815 | -4.6 | — |
| 2019 | 183,259 | 195,902 | −12,643 | -2.9 | — |
| 2020 | 116,329 | 174,939 | −58,610 | -7.2 | — |
| 2021 | 146,032 | 101,523 | 44,509 | -7.2 | — |
| 2022 | 260,171 | 562,535 | −302,364 | -7.8 | 0% |
| 2023 | 597,332 | 563,541 | 33,791 | -7.0 | 0% |
In its most recent public year (2023), this organization brought in $33,791 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-7 months), down from -4 in 2010. 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 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
Global Music Ministries 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