Grace Lake Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 66,498 | 66,356 | 142 | 6.6 | — |
| 2016 | 75,443 | 81,874 | −6,431 | 4.4 | — |
| 2017 | 76,086 | 76,523 | −437 | 5.1 | — |
| 2018 | 75,109 | 69,122 | 5,987 | 6.6 | — |
| 2019 | 82,180 | 71,334 | 10,846 | 8.4 | — |
| 2020 | 164,790 | 93,184 | 71,606 | 15.7 | — |
| 2021 | 172,297 | 133,865 | 38,432 | 14.4 | — |
| 2022 | 98,840 | 106,616 | −7,776 | 17.2 | — |
| 2023 | 93,937 | 114,448 | −20,511 | 13.9 | — |
In its most recent public year (2023), this organization spent $20,511 more than it brought in. Its reserves stood at about 13.9 months of spending, up from 6.6 in 2015.
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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