Gospel Of Grace Ministry
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 2,377 | 1,700 | 677 | 4.8 | — |
| 2017 | 4,753 | 866 | 3,887 | 63.2 | — |
| 2018 | 3,702 | 4,452 | −750 | 10.3 | — |
| 2019 | 5,477 | 1,500 | 3,977 | 43.8 | — |
| 2020 | 5,816 | 9,137 | −3,321 | 5.6 | — |
| 2021 | 1,384 | 2,365 | −981 | 0.0 | — |
| 2022 | 4,372 | 1,495 | 2,877 | -36.2 | — |
| 2023 | 3,204 | 1,640 | 1,564 | -23.4 | — |
In its most recent public year (2023), this organization brought in $1,564 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-23.4 months), down from 4.8 in 2016.
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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