Grace Prep Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 553,305 | 475,612 | 77,693 | -0.1 | 64% |
| 2013 | 507,888 | 512,974 | −5,086 | -0.2 | 52% |
| 2014 | 640,594 | 560,259 | 80,335 | 1.5 | 47% |
| 2015 | 683,409 | 659,685 | 23,724 | 1.7 | 66% |
| 2016 | 737,686 | 783,379 | −45,693 | 0.7 | 68% |
| 2017 | 753,303 | 776,853 | −23,550 | 0.4 | 73% |
| 2018 | 772,625 | 794,279 | −21,654 | 0.0 | 69% |
| 2019 | 931,795 | 837,088 | 94,707 | 1.4 | 64% |
| 2020 | 767,271 | 724,269 | 43,002 | 2.3 | 70% |
| 2021 | 759,886 | 683,904 | 75,982 | 3.8 | 60% |
| 2022 | 723,875 | 723,357 | 518 | 5.2 | 63% |
| 2023 | 654,593 | 757,241 | −102,648 | 3.4 | 57% |
In its most recent public year (2023), this organization spent $102,648 more than it brought in. Its reserves stood at about 3.4 months of spending, up from -0.1 in 2012. Staff pay was 57% of spending.
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
Grace Prep Incorporated's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works