Chicago, IL
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Sign In — Free (10 views/day)NATIONAL MUSEUM OF GOSPEL MUSIC, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 6758% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 95% operating margin.
The National Museum of Gospel Music will inspire people of all ages to learn more about gospel music and its contributions to the foundation of American music culture through its exhibitions and programs. The National Museum of Gospel Music will be known for its commitment to understanding the richness of gospel music as reflected in our past, present, and future by providing learning experiences for children and adults. The role gospel music has played in the fight for freedom as well as an ambassador of goodwill around the world. The museum will seek to cross ethnic groups to present the historical importance of this musical genre as the Peoples' Music of faith, hopes, and dreams.
Limited Museum operations and online programming during post-Covid and construction phase. -
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,174,544 | $31,708 | +67.6% |
| Expenses | $108,673 | $106,266 | +0.0% |
| Net Income | $2,065,871 | $-74,558 | -28.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Antoinette D Wright | President and Executive Director | 25 |
Director
Key Emp
|
$43,038 | $0 | $43,038 |
| Donald Jackson | Founder and Chairman | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Cynthia Jones | Secretary | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Ernest Sawyer | Vice Chairman | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Anthony Ruzicka | Treasurer | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Carla Carroll | Member | 1 |
Director
|
$0 | $0 | $0 |
| Frank Walton | Member | 1 |
Director
|
$0 | $0 | $0 |
| Leonard Scott | Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,174,544 | $108,673 | $2,277,391 | $2,065,871 |
| 2022 | $31,708 | $106,266 | $112,836 | $-74,558 |
| 2021 | $36,313 | $63,389 | $53,999 | $-27,076 |
| 2020 | $56,614 | $71,429 | $70,563 | $-14,815 |
| 2019 | $131,312 | $75,082 | $79,595 | $56,230 |
Compare NATIONAL MUSEUM OF GOSPEL MUSIC with other nonprofits in Illinois and across the country.