Gospel Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 500 | 200 | 300 | 18.0 | — |
| 2013 | 103,404 | 91,865 | 11,539 | 2.2 | 12% |
| 2014 | 64,207 | 61,416 | 2,791 | 3.8 | 0% |
| 2015 | 59,690 | 46,673 | 13,017 | 8.4 | — |
| 2016 | 111,237 | 92,094 | 19,143 | 6.8 | — |
| 2017 | 281,601 | 128,648 | 152,953 | 19.1 | 0% |
| 2018 | 327,045 | 171,005 | 156,040 | 24.6 | 0% |
| 2019 | 842,798 | 254,384 | 588,414 | 47.2 | 57% |
| 2020 | 519,131 | 544,126 | −24,995 | 21.9 | 48% |
| 2021 | 3,693,006 | 797,816 | 2,895,190 | 58.6 | 41% |
| 2022 | 1,642,762 | 1,004,056 | 638,706 | 53.2 | 42% |
| 2023 | 1,037,457 | 865,786 | 171,671 | 64.1 | 53% |
In its most recent public year (2023), this organization brought in $171,671 more than it spent. Its reserves stood at about 64.1 months of spending, up from 18 in 2011. Staff pay was 53% of spending. $1,639,919 of its net assets are donor-restricted.
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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