Redeeming Grace Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 138,818 | 14,631 | 124,187 | 147.9 | 35% |
| 2021 | 219,246 | 169,488 | 49,758 | 16.3 | 17% |
| 2022 | 145,752 | 141,354 | 4,398 | 19.9 | 32% |
| 2023 | 304,446 | 168,370 | 136,076 | 26.4 | 28% |
In its most recent public year (2023), this organization brought in $136,076 more than it spent. Its reserves stood at about 26.4 months of spending, down from 147.9 in 2020. Staff pay was 28% 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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