The Gospel Underground

EIN: 811527354 501(c)(3) Religion

Blacksburg, VA

Total Revenue
$228,636
Total Expenses
$183,980
Total Assets
$219,644
Net Assets
$219,644
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
Reid S Monaghan
Phone
7322131833
Tax Period
2023-09-01 to 2024-08-31

Power of Change, founded in 2016, is a small nonprofit in the Religion sector that reported $165K in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $142K left a modest 14% surplus.

Mission

The purposes for which the organization is created are:1) to support and serve the local church and to coach and equip the coming generation and church leaders for faithful, missional lives2) to engage in such religious, educational, charitable, and benevolent activities as are permitted to be carried on by an exempt entity under Section 501(c)33) to accept donations and contributions, either in trust or otherwise, for all the foregoing purposes4) to do any and all other things necessary or incident to the above and foregoing purposes and powers and including all of the righs, powers and authority incident to nonprofit corporations organized under the laws of the Commonwealth of Virginia.

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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 $220,485
Program Service Revenue $0
Investment Income $8,151
Other Revenue $0
TOTAL REVENUE $228,636

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,222
Fundraising Expenses $9,199
Program Expenses $156,383
Other Expenses $57,758
TOTAL EXPENSES $183,980

Year-over-Year Comparison

2023 2022 Change
Revenue $228,636 $160,095 +0.4%
Expenses $183,980 $162,744 +0.1%
Net Income $44,656 $-2,649 -17.9%
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
3
Independent Members
3
Employees
1
Volunteers
3

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
3
$126,222
Total Directors
3
$126,222
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Reid S Monaghan President 60.00
Officer Director
$59,613 $66,609 $126,222
Gregg Allison Secretary 0.00
Officer Director
$0 $0 $0
Manoj Thomas Treasurer 0.00
Officer Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $228,636 $183,980 $219,644 $44,656
2023 $160,095 $162,744 $174,988 $-2,649
2022 $158,582 $153,982 $177,736 $4,600
2021 $182,581 $145,924 $173,686 $36,657
2019 $165,121 $142,061 $102,983 $23,060
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