Graceworks Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 685,416 | 737,741 | −52,325 | 6.5 | 26% |
| 2012 | 1,794,481 | 1,870,596 | −76,115 | 2.1 | 24% |
| 2013 | 2,415,933 | 2,336,118 | 79,815 | 2.1 | 20% |
| 2014 | 2,982,348 | 2,798,444 | 183,904 | 2.5 | 20% |
| 2015 | 3,664,668 | 3,510,047 | 154,621 | 2.6 | 19% |
| 2016 | 4,151,255 | 3,559,361 | 591,894 | 5.0 | 22% |
| 2017 | 4,688,407 | 4,641,763 | 46,644 | 3.9 | 17% |
| 2018 | 6,233,605 | 5,817,769 | 415,836 | 3.9 | 17% |
| 2019 | 6,747,530 | 6,639,340 | 108,190 | 3.6 | 16% |
| 2020 | 7,653,367 | 6,922,919 | 730,448 | 4.8 | 16% |
| 2021 | 8,647,543 | 6,862,865 | 1,784,678 | 8.1 | 18% |
| 2022 | 9,107,244 | 8,071,241 | 1,036,003 | 8.3 | 19% |
| 2023 | 11,678,088 | 11,598,078 | 80,010 | 5.8 | 15% |
In its most recent public year (2023), this organization brought in $80,010 more than it spent. Its reserves stood at about 5.8 months of spending. Staff pay was 15% of spending. $691,808 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
Graceworks Ministries Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works