Grace Lutheran Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,351,134 | 14,449,265 | 901,869 | 9.5 | 50% |
| 2012 | 14,882,958 | 14,359,253 | 523,705 | 10.2 | 51% |
| 2013 | 15,276,037 | 14,512,899 | 763,138 | 11.1 | 50% |
| 2014 | 17,037,120 | 15,049,893 | 1,987,227 | 12.2 | 52% |
| 2015 | 16,758,728 | 16,288,669 | 470,059 | 10.9 | 51% |
| 2016 | 22,687,137 | 24,167,897 | −1,480,760 | 6.6 | 48% |
| 2017 | 27,330,321 | 29,337,358 | −2,007,037 | 4.7 | 46% |
| 2018 | 27,595,744 | 27,401,037 | 194,707 | 4.9 | 44% |
| 2019 | 27,064,846 | 27,107,051 | −42,205 | 4.7 | 45% |
| 2020 | 25,987,857 | 26,464,401 | −476,544 | 4.4 | 46% |
| 2021 | 21,213,136 | 20,142,283 | 1,070,853 | 6.5 | 48% |
| 2022 | 18,030,572 | 17,496,422 | 534,150 | 8.6 | 47% |
| 2023 | 18,510,931 | 19,525,221 | −1,014,290 | 7.4 | 42% |
In its most recent public year (2023), this organization spent $1,014,290 more than it brought in. Its reserves stood at about 7.4 months of spending, down from 9.5 in 2011. Staff pay was 42% of spending. $59,905 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
Grace Lutheran Foundation Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works