Grace Cottage Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,798,491 | 1,261,184 | 537,307 | 86.1 | 0% |
| 2021 | 2,449,172 | 1,837,565 | 611,607 | 66.4 | 0% |
| 2022 | 2,243,943 | 1,816,265 | 427,678 | 57.4 | 0% |
| 2023 | 2,093,787 | 1,898,324 | 195,463 | 58.7 | 0% |
In its most recent public year (2023), this organization brought in $195,463 more than it spent. Its reserves stood at about 58.7 months of spending, down from 86.1 in 2020. Staff pay was 0% of spending. $3,637,574 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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