Family Promise Of Grand Rapids
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 479,800 | 517,846 | −38,046 | 2.5 | 24% |
| 2012 | 492,615 | 472,380 | 20,235 | 3.3 | 30% |
| 2013 | 509,803 | 456,571 | 53,232 | 4.8 | 36% |
| 2014 | 829,309 | 677,283 | 152,026 | 5.9 | 37% |
| 2015 | 2,992,576 | 1,015,473 | 1,977,103 | 27.3 | 6% |
| 2016 | 1,323,023 | 1,502,017 | −178,994 | 17.0 | 5% |
| 2017 | 1,704,239 | 1,762,456 | −58,217 | 14.1 | 36% |
| 2018 | 2,004,624 | 2,084,942 | −80,318 | 11.5 | 36% |
| 2019 | 2,637,955 | 2,703,530 | −65,575 | 8.6 | 39% |
| 2020 | 5,540,917 | 4,207,422 | 1,333,495 | 9.3 | 25% |
| 2021 | 5,399,500 | 5,313,373 | 86,127 | 7.6 | 26% |
| 2022 | 8,020,589 | 5,903,559 | 2,117,030 | 11.1 | 34% |
| 2023 | 8,227,206 | 6,127,018 | 2,100,188 | 14.8 | 43% |
In its most recent public year (2023), this organization brought in $2,100,188 more than it spent. Its reserves stood at about 14.8 months of spending, up from 2.5 in 2011. Staff pay was 43% of spending. $1,464,805 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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