Love & Grace Christian Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 314,947 | 273,100 | 41,847 | 3.0 | 41% |
| 2021 | 386,171 | 274,121 | 112,050 | 7.9 | 46% |
| 2022 | 477,438 | 314,045 | 163,393 | 13.2 | 39% |
| 2023 | 583,376 | 363,637 | 219,739 | 18.8 | 45% |
In its most recent public year (2023), this organization brought in $219,739 more than it spent. Its reserves stood at about 18.8 months of spending, up from 3 in 2020. Staff pay was 45% 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
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