Grace Centers Of Hope
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,159,798 | 4,909,675 | 250,123 | 6.2 | 4% |
| 2012 | 5,413,935 | 5,509,073 | −95,138 | 5.3 | 4% |
| 2013 | 5,919,451 | 5,699,729 | 219,722 | 5.6 | 47% |
| 2014 | 6,821,316 | 6,239,699 | 581,617 | 6.2 | 43% |
| 2015 | 8,500,601 | 6,014,789 | 2,485,812 | 11.4 | 45% |
| 2016 | 7,208,730 | 6,625,206 | 583,524 | 11.4 | 45% |
| 2017 | 6,566,607 | 7,426,544 | −859,937 | 8.8 | 47% |
| 2018 | 6,954,644 | 7,287,187 | −332,543 | 8.4 | 48% |
| 2019 | 7,801,461 | 6,999,360 | 802,101 | 10.2 | 50% |
| 2020 | 7,960,361 | 6,445,186 | 1,515,175 | 13.0 | 53% |
| 2021 | 8,700,477 | 6,770,315 | 1,930,162 | 15.7 | 54% |
| 2022 | 10,872,576 | 10,349,715 | 522,861 | 10.9 | 40% |
| 2023 | 10,552,723 | 11,174,409 | −621,686 | 9.4 | 38% |
In its most recent public year (2023), this organization spent $621,686 more than it brought in. Its reserves stood at about 9.4 months of spending, up from 6.2 in 2011. Staff pay was 38% of spending. $102,185 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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