GOSPEL GLORY INC

EIN: 562628322 501(c)(3) Religion

CHESTERFIELD, VA

Total Revenue
$98,139
Total Expenses
$98,741
Total Assets
$13,983
Net Assets
$13,983
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
VA
Principal Officer
LINDA K LEWIS
Tax Period
2023-01-01 to 2023-12-31

GOSPEL GLORY INC, founded in 2008, is a micro nonprofit in the Religion sector that reported $84K in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year.

Mission

PROVIDE GOSPEL MUSIC TO CHURCHS

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $90,754
Program Service Revenue $7,385
Investment Income $0
Other Revenue $0
TOTAL REVENUE $98,139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,335
Fundraising Expenses $0
Program Expenses $98,741
Other Expenses $58,406
TOTAL EXPENSES $98,741

Year-over-Year Comparison

2023 2022 Change
Revenue $98,139 $92,019 +0.1%
Expenses $98,741 $89,247 +0.1%
Net Income $-602 $2,772 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
6
Independent Members
4
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$34,000
Total Directors
2
$34,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL LEWIS PRESIDENT 35.00
Officer Director
$17,000 $0 $17,000
LINDA K LEWIS VICE PRESIDE 35.00
Officer Director
$17,000 $0 $17,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $98,139 $98,741 $13,983 $-602
2022 $92,019 $89,247 $14,585 $2,772
2021 $94,406 $88,771 $11,813 $5,635
2020 $79,764 $87,040 $8,178 $-7,276
2019 $86,079 $87,690 $2,757 $-1,611
2018 $84,442 $87,695 $4,368 $-3,253
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