Gospel Music Association Inc
Franklin, Tennessee
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 2 peers in Arts, Culture & Humanities with $1M-$10M revenue
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,028,235↓76% | $243,838↓53% | $4,801,842↑20% | — |
| 2023 | $4,245,401↑1774% | $516,461↑38% | $4,017,445↑1351% | — |
| 2022 | $226,504↓48% | $374,819↑77% | $276,965↓35% | — |
| 2021 | $433,189↑447% | $211,664↑122% | $425,280↑109% | — |
| 2020 | $79,184↓80% | $95,372↓68% | $203,755↓7% | — |
| 2019 | $396,204↑343% | $295,851↑196% | $219,943↑84% | — |
| 2018 | $89,528↓20% | $100,040↑3% | $119,590↓8% | — |
| 2017 | $111,299↓16% | $97,154↓22% | $130,102↑12% | — |
| 2016 | $132,855↑47% | $124,234↑71% | $115,957↓1% | — |
| 2015 | $90,145 | $72,644↑5964% | $116,819↑40% | — |
| 2013 | $0↓100% | $1,198↓80% | $83,200↓1% | — |
| 2012 | $3,912↓72% | $6,080↓84% | $84,015↓7% | — |
| 2011 | $13,896 | $37,786 | $90,538 | — |
Frequently Asked Questions
What does Gospel Music Association Inc do?▼
Gospel Music Association Inc is a arts, culture & humanities nonprofit organization based in Tennessee. It is classified under NTEE code A680 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Gospel Music Association Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Gospel Music Association Inc has a score of 75/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Gospel Music Association Inc generate?▼
Gospel Music Association Inc reports $6.8M in annual revenue and holds $7.2M in total assets, based on IRS filings.
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