Masterkey Ministries Of Grayson County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 69,535 | 64,941 | 4,594 | 1.5 | — |
| 2013 | 66,360 | 65,023 | 1,337 | 1.8 | — |
| 2014 | 80,161 | 74,752 | 5,409 | 2.9 | 45% |
| 2015 | 397,287 | 403,736 | −6,449 | 0.3 | 13% |
| 2016 | 432,079 | 402,921 | 29,158 | 1.1 | 17% |
| 2017 | 549,569 | 534,551 | 15,018 | 1.2 | 14% |
| 2018 | 988,580 | 913,345 | 75,235 | 1.8 | 10% |
| 2019 | 1,065,428 | 1,111,578 | −46,150 | 1.0 | 22% |
| 2020 | 1,486,999 | 1,340,291 | 146,708 | 2.1 | 17% |
| 2021 | 2,756,077 | 2,627,338 | 128,739 | 1.7 | 10% |
| 2022 | 2,224,893 | 2,082,224 | 142,669 | 2.9 | 14% |
| 2023 | 2,577,433 | 2,440,809 | 136,624 | 3.2 | 15% |
In its most recent public year (2023), this organization brought in $136,624 more than it spent. Its reserves stood at about 3.2 months of spending, up from 1.5 in 2012. Staff pay was 15% of spending. $100,208 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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