Grace Covenant Child Development Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,051,720 | 959,783 | 91,937 | 2.1 | 79% |
| 2020 | 905,528 | 773,562 | 131,966 | 4.7 | 81% |
| 2021 | 1,286,372 | 881,210 | 405,162 | 9.6 | 80% |
| 2022 | 1,092,574 | 996,234 | 96,340 | 9.7 | 77% |
| 2023 | 1,182,763 | 1,342,207 | −159,444 | 5.8 | 77% |
| 2024 | 1,302,086 | 1,321,953 | −19,867 | 5.7 | 77% |
In its most recent public year (2024), this organization spent $19,867 more than it brought in. Its reserves stood at about 5.7 months of spending, up from 2.1 in 2019. Staff pay was 77% 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 2024. 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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