The Grand Rapids Red Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,157,844 | 1,738,478 | 419,366 | 5.1 | 54% |
| 2021 | 2,659,246 | 2,479,660 | 179,586 | 4.4 | 41% |
| 2022 | 2,316,028 | 2,380,884 | −64,856 | 4.3 | 40% |
| 2023 | 2,260,893 | 2,238,921 | 21,972 | 4.7 | 47% |
In its most recent public year (2023), this organization brought in $21,972 more than it spent. Its reserves stood at about 4.7 months of spending. Staff pay was 47% of spending. $24,008 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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