Grace Korean Church Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 141,170 | 64,970 | 76,200 | 14.1 | 51% |
| 2018 | 565,835 | 486,431 | 79,404 | 3.8 | 34% |
| 2019 | 558,997 | 522,415 | 36,582 | 5.1 | 31% |
| 2020 | 538,484 | 482,877 | 55,607 | 7.9 | 31% |
| 2021 | 690,383 | 444,354 | 246,029 | 15.4 | 25% |
| 2022 | 606,611 | 560,438 | 46,173 | 14.1 | 20% |
| 2023 | 402,242 | 434,288 | −32,046 | 16.7 | 21% |
In its most recent public year (2023), this organization spent $32,046 more than it brought in. Its reserves stood at about 16.7 months of spending, up from 14.1 in 2017. Staff pay was 21% 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
Grace Korean Church Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works