Independence Through G-R-A-C-E Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 557 | 557 | 0 | 0.0 | — |
| 2014 | 880 | 880 | 0 | 0.0 | — |
| 2015 | 1,020 | 50 | 970 | 232.8 | — |
| 2016 | 277,119 | 29 | 277,090 | 115059.3 | 0% |
| 2017 | 137,339 | 40,571 | 96,768 | 110.9 | — |
| 2018 | 132,361 | 92,481 | 39,880 | 53.8 | — |
| 2019 | 232,005 | 145,798 | 86,207 | 41.2 | 49% |
| 2020 | 229,371 | 149,817 | 79,554 | 46.5 | 50% |
| 2021 | 262,830 | 111,029 | 151,801 | 79.1 | 46% |
| 2022 | 358,776 | 171,329 | 187,447 | 64.4 | 49% |
| 2024 | 770,874 | 641,923 | 128,951 | 23.0 | 53% |
In its most recent public year (2024), this organization brought in $128,951 more than it spent. Its reserves stood at about 23 months of spending, up from 0 in 2013. Staff pay was 53% of spending.
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 2024. 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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