Grace Apostolic Church Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 303,592 | 264,391 | 39,201 | 4.3 | 20% |
| 2019 | 353,621 | 274,377 | 79,244 | 9.0 | 28% |
| 2020 | 292,423 | 292,423 | 0 | 8.5 | 30% |
| 2021 | 434,466 | 326,161 | 108,305 | 11.3 | 31% |
| 2022 | 1,057,734 | 871,344 | 186,390 | 4.2 | 13% |
| 2023 | 502,068 | 609,313 | −107,245 | -40.6 | 28% |
In its most recent public year (2023), this organization spent $107,245 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-40.6 months), down from 4.3 in 2018. Staff pay was 28% 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 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works