Heart And Seoul Gospel Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 166,212 | 177,239 | −11,027 | 22.3 | 0% |
| 2012 | 213,414 | 196,670 | 16,744 | 21.0 | 0% |
| 2013 | 424,304 | 86,137 | 338,167 | 71.1 | 0% |
| 2014 | 509,646 | 249,582 | 260,064 | 37.0 | 0% |
| 2015 | 306,624 | 200,724 | 105,900 | 52.4 | 0% |
| 2016 | 283,351 | 180,422 | 102,929 | 65.1 | 0% |
| 2017 | 310,832 | 201,664 | 109,168 | 64.8 | 0% |
| 2018 | 285,705 | 243,251 | 42,454 | 55.8 | 13% |
| 2019 | 330,458 | 363,756 | −33,298 | 36.2 | 31% |
| 2020 | 340,463 | 307,126 | 33,337 | 44.2 | 35% |
| 2021 | 453,259 | 299,134 | 154,125 | 51.5 | 27% |
| 2022 | 355,822 | 296,269 | 59,553 | 54.5 | 41% |
| 2023 | 308,899 | 264,911 | 43,988 | 62.9 | 53% |
In its most recent public year (2023), this organization brought in $43,988 more than it spent. Its reserves stood at about 62.9 months of spending, up from 22.3 in 2011. Staff pay was 53% 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
Heart And Seoul Gospel 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