Grace Foundation Inc Of Albert Lea
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 147,996 | 11,791 | 136,205 | 650.8 | 0% |
| 2012 | 30,215 | 28,782 | 1,433 | 446.1 | 0% |
| 2013 | 46,665 | 11,212 | 35,453 | 1318.5 | 0% |
| 2014 | 45,423 | 8,646 | 36,777 | 2221.5 | 0% |
| 2015 | 41,106 | 21,958 | 19,148 | 941.5 | 0% |
| 2016 | 39,361 | 7,757 | 31,604 | 2528.1 | 0% |
| 2017 | 35,557 | 58,116 | −22,559 | 324.0 | 0% |
| 2018 | 41,320 | 43,882 | −2,562 | 399.2 | 0% |
| 2019 | 49,084 | 42,038 | 7,046 | 419.9 | 0% |
| 2020 | 39,344 | 91,101 | −51,757 | 182.7 | 0% |
| 2021 | 51,205 | 46,608 | 4,597 | 361.1 | 0% |
| 2022 | 40,719 | 35,211 | 5,508 | 472.0 | 0% |
| 2023 | 38,300 | 41,532 | −3,232 | 462.7 | 0% |
In its most recent public year (2023), this organization spent $3,232 more than it brought in. Its reserves stood at about 462.7 months of spending, down from 650.8 in 2011. Staff pay was 0% of spending. $104,369 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 Foundation Inc Of Albert Lea'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