Healing Grace Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 366,203 | 616,509 | −250,306 | 1.3 | 0% |
| 2020 | 6,332 | 55,385 | −49,053 | 4.1 | — |
| 2021 | 98 | 2,248 | −2,150 | 0.0 | — |
| 2022 | 610,176 | 9,837 | 600,339 | 732.3 | 0% |
| 2023 | 1,016,540 | 665,268 | 351,272 | 17.2 | 0% |
In its most recent public year (2023), this organization brought in $351,272 more than it spent. Its reserves stood at about 17.2 months of spending, up from 1.3 in 2019. Staff pay was 0% 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
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