Grand River Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,125,332 | 3,698,214 | −572,882 | 18.2 | 31% |
| 2021 | 3,452,522 | 3,233,635 | 218,887 | 23.5 | 27% |
| 2022 | 5,165,926 | 4,952,514 | 213,412 | 15.2 | 24% |
| 2023 | 4,214,048 | 5,168,500 | −954,452 | 12.7 | 29% |
In its most recent public year (2023), this organization spent $954,452 more than it brought in. Its reserves stood at about 12.7 months of spending, down from 18.2 in 2020. Staff pay was 29% of spending. $262,291 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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