Grace Summit Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 232,864 | 220,276 | 12,588 | 5.2 | 67% |
| 2012 | 248,579 | 211,534 | 37,045 | 7.5 | 67% |
| 2013 | 211,007 | 221,304 | −10,297 | 6.6 | 64% |
| 2014 | 189,804 | 224,362 | −34,558 | 4.7 | 62% |
| 2015 | 105,484 | 174,330 | −68,846 | 1.3 | 59% |
| 2016 | 84,746 | 91,034 | −6,288 | 1.7 | 67% |
| 2017 | 89,311 | 92,666 | −3,355 | 1.2 | 68% |
| 2018 | 88,989 | 95,291 | −6,302 | 0.4 | 69% |
| 2019 | 109,363 | 91,082 | 18,281 | 2.8 | 69% |
| 2020 | 80,016 | 91,073 | −11,057 | 1.3 | 69% |
| 2021 | 88,497 | 95,031 | −6,534 | 0.4 | 69% |
| 2022 | 91,988 | 77,897 | 14,091 | 2.7 | 66% |
In its most recent public year (2022), this organization brought in $14,091 more than it spent. Its reserves stood at about 2.7 months of spending, down from 5.2 in 2011. Staff pay was 66% 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 2022. 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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