In Grace Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,846,023 | 1,833,226 | 12,797 | 1.1 | 46% |
| 2020 | 1,665,211 | 1,661,745 | 3,466 | 1.2 | 57% |
| 2021 | 1,778,462 | 1,508,664 | 269,798 | 3.5 | 40% |
| 2022 | 1,668,492 | 1,699,795 | −31,303 | 2.8 | 38% |
| 2023 | 2,136,901 | 2,288,755 | −151,854 | 1.3 | 28% |
In its most recent public year (2023), this organization spent $151,854 more than it brought in. Its reserves stood at about 1.3 months of spending. Staff pay was 28% of spending. $42,942 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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