GOSPEL INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,227,978
Property, Plant, & Equipment (net)
43%
Receivables (Non-Related)
29%
Other Assets
21%
Cash & Equivalents
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$25,098
Payables & Accruals
86%
Other Liabilities
14%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$662,553
$465,304
-30%
Receivables (Non-Related)
$409,538
$2,131,907
+421%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,116
$6,221
+22%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,525,333
$3,086,974
+22%
Other Assets
$1,046,385
$1,537,572
+47%
Total Assets
$4,648,925
$7,227,978
+55%
Liabilities
2023
2024
Change
Payables & Accruals
$20,004
$21,548
+8%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,550
$3,550
+0%
Total Liabilities
$23,554
$25,098
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$1,639,919
$3,656,774
+123%
Unrestricted Net Assets
$2,985,452
$3,546,106
+19%
Net assets
2023
2024
Change
Net assets
+$4,625,371
+$7,202,880
+56%
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