Religion-Related
(X20)
990 on File
BLASTOFF MUSIC MINISTRIES INC
Financial strength (30%)
77/100
Reliability (20%)
55/100
Effectiveness (25%)
61/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$89K
Total Revenue
$112K
Total Expenses
$78K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
78.2%
Fundraising Efficiency
N/A
Operating Reserve
8.40x
Liability-to-Asset
1.3%
Revenue Diversification
99.0%
Compared with Peers
FY 2023
Compared with 11,883 similar organizations
(United States, Religion-Related, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.2% | 87.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.4 mo | 7.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.3% | 0.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.0% | 99.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-28.9% | 5.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
15.1% | 9.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-24.9% | 1.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $89K | $112K | $78K | 78.2% | — |
| 2022 | $126K | $97K | $100K | 81.8% | — |
| 2021 | $216K | $102K | N/A | — | 1 |
| 2020 | $126K | $113K | N/A | — | 1 |
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