Gracemed Health Clinic Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 33,752,211 | 28,422,451 | 5,329,760 | 13.5 | 64% |
| 2021 | 36,186,856 | 29,668,676 | 6,518,180 | 15.8 | 57% |
| 2022 | 36,742,270 | 28,472,455 | 8,269,815 | 19.0 | 58% |
| 2023 | 32,717,166 | 30,293,740 | 2,423,426 | 19.3 | 56% |
In its most recent public year (2023), this organization brought in $2,423,426 more than it spent. Its reserves stood at about 19.3 months of spending, up from 13.5 in 2020. Staff pay was 56% of spending. $132,330 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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