Heart Of Grace Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 64,141 | 50,942 | 13,199 | 10.1 | — |
| 2012 | 74,907 | 59,939 | 14,968 | 11.6 | — |
| 2013 | 125,411 | 87,730 | 37,681 | 13.1 | — |
| 2014 | 165,305 | 104,908 | 60,397 | 17.9 | — |
| 2015 | 117,085 | 125,084 | −7,999 | 14.0 | — |
| 2016 | 111,709 | 150,383 | −38,674 | 7.5 | — |
| 2017 | 134,644 | 138,618 | −3,974 | 7.8 | — |
| 2018 | 153,172 | 155,694 | −2,522 | 6.7 | — |
| 2019 | 196,062 | 164,202 | 31,860 | 8.7 | 51% |
| 2020 | 196,251 | 187,075 | 9,176 | 8.4 | 61% |
| 2021 | 322,725 | 148,654 | 174,071 | 15.4 | 60% |
| 2022 | 317,438 | 229,952 | 87,486 | 13.3 | 53% |
| 2023 | 287,126 | 222,651 | 64,475 | 14.4 | 66% |
In its most recent public year (2023), this organization brought in $64,475 more than it spent. Its reserves stood at about 14.4 months of spending, up from 10.1 in 2011. Staff pay was 66% 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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