Grace Tower Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,020,682 | 899,333 | 121,349 | 160.8 | 19% |
| 2012 | 1,018,180 | 1,019,896 | −1,716 | 141.8 | 17% |
| 2013 | 1,030,903 | 969,754 | 61,149 | 149.8 | 21% |
| 2014 | 1,063,615 | 1,040,169 | 23,446 | 140.0 | 23% |
| 2015 | 1,533,032 | 1,004,251 | 528,781 | 151.3 | 25% |
| 2016 | 2,153,444 | 1,197,570 | 955,874 | 136.4 | 29% |
| 2017 | 2,339,428 | 1,813,396 | 526,032 | 93.6 | 17% |
| 2018 | 2,389,807 | 1,952,987 | 436,820 | 89.6 | 16% |
| 2019 | 2,603,106 | 2,178,626 | 424,480 | 82.6 | 15% |
| 2020 | 3,203,808 | 2,110,619 | 1,093,189 | 91.5 | 16% |
| 2021 | 4,060,490 | 2,074,584 | 1,985,906 | 104.6 | 16% |
| 2022 | 4,208,003 | 2,142,951 | 2,065,052 | 112.8 | 18% |
| 2023 | 5,139,045 | 2,241,952 | 2,897,093 | 123.2 | 16% |
In its most recent public year (2023), this organization brought in $2,897,093 more than it spent. Its reserves stood at about 123.2 months of spending, down from 160.8 in 2011. Staff pay was 16% 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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