Grace Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 571,704 | 474,101 | 97,603 | 5.0 | 68% |
| 2020 | 77,220 | 174,367 | −97,147 | 4.2 | 56% |
| 2021 | 639,704 | 608,485 | 31,219 | 2.0 | 71% |
| 2022 | 700,102 | 669,287 | 30,815 | 2.7 | 70% |
| 2023 | 659,704 | 659,695 | 9 | 1.9 | 71% |
In its most recent public year (2023), this organization brought in $9 more than it spent. Its reserves stood at about 1.9 months of spending, down from 5 in 2019. Staff pay was 71% of spending. $41,191 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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