Grace Korean Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 13,120 | 9,902 | 3,218 | 14.3 | — |
| 2020 | 9,510 | 6,998 | 2,512 | 24.5 | — |
| 2021 | 5,950 | 4,216 | 1,734 | 46.0 | — |
| 2022 | 8,535 | 2,080 | 6,455 | 130.4 | — |
In its most recent public year (2022), this organization brought in $6,455 more than it spent. Its reserves stood at about 130.4 months of spending, up from 14.3 in 2019.
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 2022. 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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