New Song Ministries 
The information on this page was last updated 3/25/2026. If you see errors or omissions, please email: [email protected]
Summary
Puts on Winter Jam Christian concert series
Contact information
Mailing address:
New Song Ministries
718 Thompson Lane
Suite 108-443
Nashville, TN 37204
Website: newsongonline.com
Phone: 615-364-1664
Email: [email protected]
Organization details
EIN: 581449159
CEO/President: Eddie Carswell
Chairman:
Board size: 0
Founder: Eddie Carswell
Ruling year: 1982
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Puts on Winter Jam Tour and XTreme Winter Conferences
Mission statement
A Christian music ministry sharing the Gospel message through concert performance in small and large venues.
Statement of faith
Articles
| 6/11/2024 | New Converts to Christianity or Digital Connections to a Platform? |
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 96 of 1423 | 3 of 44 |
| Fund acquisition rating | | 657 of 1423 | 19 of 44 |
| Resource allocation rating | | 14 of 1423 | 1 of 44 |
| Asset utilization rating | | 99 of 1424 | 2 of 44 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 95% | 0% | 0% | 0% | 0% | 0% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 5% | 100% | 100% | 100% | 100% | 100% |
| Operating ratios | Sector median | 2025 | 2024 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 100% | 100% | 100% | 100% | 100% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 101% | 96% | 97% | 214% | 103% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 101% | 96% | 97% | 214% | 103% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | -1% | 4% | 3% | -114% | -3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | -13% | 65% | 86% | -3046% | -163% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 0% | 0% | 0% | 0% | 0% |
| Investing ratios | Sector median | 2025 | 2024 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.32 | 6.43 | 8.09 | 10.59 | 5.04 | 12.05 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.63 | 1.16 | 1.23 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.48 | 7.46 | 9.95 | 10.59 | 5.04 | 12.06 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.18 | 1.33 | 1.75 | 1.60 | 1.10 | 1.23 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.11 | 0.75 | 0.57 | 0.63 | 0.91 | 0.81 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.08 | 0.40 | 0.52 | 0.42 | 0.21 | 0.19 |
| Solvency ratios | Sector median | 2025 | 2024 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 65% | 46% | 63% | 91% | 81% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 63% | 5% | 7% | 4% | 2% | 2% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2022 | 2021 | 2020 |
| Cash | $2,515,392 | $1,748,072 | $1,272,874 | $846,741 | $1,053,400 |
| Receivables, inventories, prepaids | $70,415 | $57,699 | $55,806 | $55,456 | $51,056 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,585,807 | $1,805,771 | $1,328,680 | $902,197 | $1,104,456 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $413,337 | $413,337 | $0 | $269 | $806 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $413,337 | $413,337 | $0 | $269 | $806 |
| Total assets | $2,999,144 | $2,219,108 | $1,328,680 | $902,466 | $1,105,262 |
| Liabilities | 2025 | 2024 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $1,943,195 | $1,030,163 | $832,286 | $823,033 | $896,038 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $1,943,195 | $1,030,163 | $832,286 | $823,033 | $896,038 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $1,943,195 | $1,030,163 | $832,286 | $823,033 | $896,038 |
| Net assets | 2025 | 2024 | 2022 | 2021 | 2020 |
| Without donor restrictions | $0 | $0 | $0 | $0 | $0 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $1,055,949 | $1,188,945 | $496,394 | $79,433 | $209,224 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2022 | 2021 | 2020 |
| Total contributions | $0 | $0 | $0 | $0 | $0 |
| Program service revenue | $19,165,935 | $18,732,939 | $14,502,433 | $2,130,506 | $12,982,574 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | $19,165,935 | $18,732,939 | $14,502,433 | $2,130,506 | $12,982,574 |
| Total revenue | $19,165,935 | $18,732,939 | $14,502,433 | $2,130,506 | $12,982,574 |
| Expenses | 2025 | 2024 | 2022 | 2021 | 2020 |
| Program services | $19,298,931 | $17,961,708 | $14,075,827 | $4,550,239 | $13,323,517 |
| Management and general | $0 | $0 | $0 | $0 | $0 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $19,298,931 | $17,961,708 | $14,075,827 | $4,550,239 | $13,323,517 |
| Change in net assets | 2025 | 2024 | 2022 | 2021 | 2020 |
| Surplus (deficit) | ($132,996) | $771,231 | $426,606 | ($2,419,733) | ($340,943) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($132,996) | $771,231 | $426,606 | ($2,419,733) | ($340,943) |
Compensation
| Name | Title | Compensation |
| Billy Goodwin | CFO | $206,287 |
| Eddie Carswell | CEO | $199,208 |
Compensation data as of: 6/30/2025
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/25/2026. To update the information below, please email: [email protected]