Global Music Ministries Inc

Analysis

Global Music Ministries Inc is a registered charity in United States, based in Paradise Vly, AZ. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Global Music Ministries Inc reported income of $597k and spending of $564k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $597k (+130%), an average of +130% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 131% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Global Music Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AZ. Charities of a similar size with the same main cause include Mission Experience ($597k), Reflections International Inc ($597k) and Professionals International ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $358k, net assets of -$330k.