Gospel Recordings
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,509,488 | 1,600,625 | −91,137 | 14.7 | 46% |
| 2012 | 1,218,443 | 1,484,502 | −266,059 | 13.7 | 50% |
| 2013 | 1,864,071 | 1,703,123 | 160,948 | 11.4 | 40% |
| 2014 | 1,712,667 | 1,996,577 | −283,910 | 7.9 | 37% |
| 2015 | 1,715,205 | 1,875,089 | −159,884 | 7.6 | 31% |
| 2016 | 1,699,103 | 1,572,322 | 126,781 | 10.4 | 39% |
| 2017 | 1,491,251 | 1,544,931 | −53,680 | 10.5 | 38% |
| 2018 | 1,381,031 | 1,497,231 | −116,200 | 10.3 | 42% |
| 2019 | 1,281,695 | 1,223,478 | 58,217 | 13.1 | 45% |
| 2020 | 1,066,671 | 1,092,451 | −25,780 | 14.4 | 47% |
| 2021 | 2,974,192 | 1,160,569 | 1,813,623 | 32.3 | 43% |
| 2022 | 1,107,864 | 1,152,877 | −45,013 | 29.2 | 42% |
| 2023 | 1,476,314 | 1,178,089 | 298,225 | 35.6 | 41% |
In its most recent public year (2023), this organization brought in $298,225 more than it spent. Its reserves stood at about 35.6 months of spending, up from 14.7 in 2011. Staff pay was 41% of spending. $163,783 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
Gospel Recordings'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