Grace Covenant Presbyterian Church Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 779,387 | 2,556 | 776,831 | 4034.2 | 0% |
| 2014 | 426,560 | 177 | 426,383 | 87721.7 | 0% |
| 2015 | 136,228 | 37,447 | 98,781 | 399.2 | 0% |
| 2016 | 42,191 | 45,509 | −3,318 | 334.6 | 0% |
| 2017 | 34,098 | 47,675 | −13,577 | 352.5 | 0% |
| 2018 | 95,034 | 49,316 | 45,718 | 319.7 | 0% |
| 2019 | 216,042 | 51,055 | 164,987 | 359.6 | 0% |
| 2020 | 104,949 | 54,962 | 49,987 | 372.8 | 0% |
In its most recent public year (2020), this organization brought in $49,987 more than it spent. Its reserves stood at about 372.8 months of spending, down from 4034.2 in 2013. Staff pay was 0% 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 2020. 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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