Grace Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,193,771 | 1,227,829 | −34,058 | 3.3 | 64% |
| 2012 | 1,509,679 | 1,476,755 | 32,924 | 3.3 | 55% |
| 2013 | 1,631,049 | 1,382,516 | 248,533 | 5.6 | 64% |
| 2014 | 1,709,354 | 1,597,925 | 111,429 | 5.7 | 62% |
| 2015 | 1,757,720 | 1,929,701 | −171,981 | 3.7 | 63% |
| 2016 | 1,619,771 | 1,676,936 | −57,165 | 4.3 | 64% |
| 2017 | 2,087,002 | 1,908,657 | 178,345 | 4.9 | 64% |
| 2018 | 2,212,921 | 2,093,242 | 119,679 | 5.2 | 64% |
| 2019 | 2,252,888 | 2,065,729 | 187,159 | 6.3 | 63% |
| 2020 | 2,141,863 | 2,091,524 | 50,339 | 6.6 | 66% |
| 2021 | 3,368,181 | 2,391,344 | 976,837 | 10.6 | 65% |
| 2022 | 3,840,705 | 2,837,947 | 1,002,758 | 13.2 | 63% |
| 2023 | 4,130,730 | 3,057,285 | 1,073,445 | 16.5 | 62% |
| 2024 | 4,371,026 | 3,479,626 | 891,400 | 17.5 | 61% |
In its most recent public year (2024), this organization brought in $891,400 more than it spent. Its reserves stood at about 17.5 months of spending, up from 3.3 in 2011. Staff pay was 61% of spending. $15,900 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 2024. 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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