Grand Rapids Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 27,171,862 | 15,550,105 | 11,621,757 | 182.7 | 10% |
| 2013 | 31,550,415 | 13,035,367 | 18,515,048 | 251.3 | 14% |
| 2014 | 30,070,932 | 16,160,956 | 13,909,976 | 234.4 | 11% |
| 2015 | 23,895,517 | 16,046,735 | 7,848,782 | 237.3 | 12% |
| 2016 | 22,361,215 | 19,376,355 | 2,984,860 | 184.0 | 11% |
| 2017 | 16,323,111 | 19,695,327 | −3,372,216 | 196.3 | 11% |
| 2018 | 24,258,997 | 18,815,278 | 5,443,719 | 216.7 | 12% |
| 2019 | 20,780,936 | 19,901,597 | 879,339 | 206.4 | 12% |
| 2020 | 27,302,311 | 19,728,087 | 7,574,224 | 203.7 | 13% |
| 2021 | 49,247,168 | 25,153,650 | 24,093,518 | 199.5 | 10% |
| 2022 | 51,066,997 | 23,362,464 | 27,704,533 | 194.2 | 13% |
| 2023 | 8,730,097 | 24,643,946 | −15,913,849 | 192.7 | 13% |
| 2024 | 27,886,402 | 23,754,784 | 4,131,618 | 222.2 | 14% |
In its most recent public year (2024), this organization brought in $4,131,618 more than it spent. Its reserves stood at about 222.2 months of spending, up from 182.7 in 2012. Staff pay was 14% of spending. $23,911,380 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 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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