Graceworks Lutheran Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 52,469,451 | 44,361,998 | 8,107,453 | 12.2 | 45% |
| 2012 | 45,037,189 | 44,256,523 | 780,666 | 12.9 | 46% |
| 2013 | 46,881,644 | 45,603,170 | 1,278,474 | 13.4 | 45% |
| 2014 | 46,572,547 | 46,823,630 | −251,083 | 12.7 | 45% |
| 2015 | 45,666,658 | 46,288,977 | −622,319 | 12.7 | 46% |
| 2016 | 47,131,411 | 61,538,131 | −14,406,720 | 6.5 | 34% |
| 2017 | 47,150,111 | 46,937,006 | 213,105 | 8.5 | 45% |
| 2018 | 45,125,414 | 47,160,856 | −2,035,442 | 7.1 | 45% |
| 2019 | 49,115,623 | 52,179,584 | −3,063,961 | 6.5 | 44% |
| 2020 | 55,044,777 | 55,028,138 | 16,639 | 6.7 | 43% |
| 2021 | 59,310,713 | 56,903,611 | 2,407,102 | 6.7 | 44% |
| 2022 | 57,318,116 | 59,265,810 | −1,947,694 | 4.7 | 43% |
| 2023 | 63,219,996 | 61,586,509 | 1,633,487 | 5.3 | 41% |
In its most recent public year (2023), this organization brought in $1,633,487 more than it spent. Its reserves stood at about 5.3 months of spending, down from 12.2 in 2011. Staff pay was 41% of spending. $294,176 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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