Stream Of Praise Music Ministries

Organization Overview

Stream Of Praise Music Ministries is located in Tustin, CA. The organization was established in 1997. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Stream Of Praise Music Ministries employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stream Of Praise Music Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Stream Of Praise Music Ministries generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO REACH PEOPLE WITH THE GOSPEL OF CHRIST THRU MUSICAL CONCERTS IN US & ASIAN COUNTRIES, TO PUBLISH MUSIC CD AND SONG BOOKS, AND TO HOSE MUSIC SEMINARS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRODUCE AND DISTRIBUTE GOSPEL MUSIC TO PROMOTE BIBLICAL MESSAGE TO THE PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Sandy Yu
President
$72,000
Ely Yao
Secretary
$65,481
Steve Sze
Director
$0
Timothy Huang
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,493,914
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,493,914
Total Program Service Revenue$229,551
Investment income $1,467
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$954
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $594,429
Miscellaneous Revenue$0
Total Revenue $2,322,414

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Stream Of Praise Music Ministries has recieved totaling $500.

Awarding OrganizationAmount
Frank And Lillian Lee Foundation

Rowland Hghts, CA

PURPOSE: FOR GENERAL SUPPORT

$500
View Grant Recipient Profile

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