Gospel Music Workshop of America Inc

Analysis

Gospel Music Workshop of America Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Gospel Music Workshop of America Inc reported income of $375k and spending of $374k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $625k to $375k (-40%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 177%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gospel Music Workshop of America Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include High Point Preservation Society Inc ($375k), Genesis Broadcasting Network Corporation ($375k) and McCandless Collection Inc ($375k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $767 against liabilities of $0, net assets of $767.