Graces Closet
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 119,313 | 74,105 | 45,208 | 9.7 | — |
| 2019 | 157,363 | 137,999 | 19,364 | 6.9 | — |
| 2020 | 141,488 | 105,826 | 35,662 | 13.0 | — |
| 2021 | 201,028 | 124,663 | 76,365 | 18.4 | 10% |
| 2022 | 284,917 | 230,167 | 54,750 | 12.8 | 12% |
| 2023 | 272,761 | 256,110 | 16,651 | 12.3 | 13% |
In its most recent public year (2023), this organization brought in $16,651 more than it spent. Its reserves stood at about 12.3 months of spending, up from 9.7 in 2018. Staff pay was 13% 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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