PHOENIX GOSPEL MISSION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$50,296,847
Property, Plant, & Equipment (net)
46%
Investments
45%
Cash & Equivalents
5%
Receivables (Non-Related)
2%
Other Assets
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$8,878,654
Other Liabilities
68%
Payables & Accruals
21%
Deferred Revenue
12%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,368,090
$2,644,846
+93%
Receivables (Non-Related)
$855,991
$819,193
-4%
Related-Party Receivables
-
-
-
Inventories
$180,996
$118,706
-34%
Prepaid Expenses
$212,410
$312,707
+47%
Investments
$23,832,390
$22,579,078
-5%
Property, Plant, & Equipment (net)
$24,074,621
$23,313,711
-3%
Other Assets
$666,230
$508,606
-24%
Total Assets
$51,190,728
$50,296,847
-2%
Liabilities
2024
2025
Change
Payables & Accruals
$1,685,195
$1,857,768
+10%
Grants Payable
-
-
-
Deferred Revenue
$1,161,189
$1,027,326
-12%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$6,048,729
$5,993,560
-1%
Total Liabilities
$8,895,113
$8,878,654
0%
Net assets
2024
2025
Change
Restricted Net Assets
$843,626
$895,113
+6%
Unrestricted Net Assets
$41,451,989
$40,523,080
-2%
Net assets
2024
2025
Change
Net assets
+$42,295,615
+$41,418,193
-2%
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