Grand Rapids Public Schools Foundat Ion
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,836,646 | 4,057,909 | −221,263 | 12.2 | 7% |
| 2021 | 3,862,472 | 4,604,917 | −742,445 | 9.2 | 6% |
| 2022 | 4,898,326 | 2,302,747 | 2,595,579 | 31.0 | 8% |
| 2023 | 893,841 | 2,260,201 | −1,366,360 | 24.6 | 12% |
| 2024 | 691,732 | 1,458,302 | −766,570 | 32.4 | 20% |
In its most recent public year (2024), this organization spent $766,570 more than it brought in. Its reserves stood at about 32.4 months of spending, up from 12.2 in 2020. Staff pay was 20% of spending. $2,926,384 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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