Grace Place Ministry Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 174,404 | 72,636 | 101,768 | 17.0 | — |
| 2016 | 234,707 | 195,463 | 39,244 | 9.0 | 31% |
| 2017 | 382,329 | 257,145 | 125,184 | 12.7 | 34% |
| 2018 | 525,703 | 324,817 | 200,886 | 17.4 | 40% |
| 2019 | 745,023 | 368,053 | 376,970 | 27.4 | 48% |
| 2020 | 581,743 | 460,053 | 121,690 | 24.3 | 47% |
| 2021 | 1,197,840 | 671,112 | 526,728 | 29.2 | 40% |
| 2022 | 1,778,365 | 832,826 | 945,539 | 37.2 | 38% |
| 2023 | 2,221,364 | 865,385 | 1,355,979 | 54.6 | 41% |
In its most recent public year (2023), this organization brought in $1,355,979 more than it spent. Its reserves stood at about 54.6 months of spending, up from 17 in 2015. Staff pay was 41% of spending. $570,105 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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