GRACEWORKS MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,244,466
Cash & Equivalents
33%
Investments
33%
Other Assets
19%
Inventories
12%
Property, Plant, & Equipment (net)
3%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,953,097
Other Liabilities
89%
Payables & Accruals
11%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,166,465
$2,728,963
-35%
Receivables (Non-Related)
$16,488
$14,308
-13%
Related-Party Receivables
-
-
-
Inventories
$872,854
$991,590
+14%
Prepaid Expenses
$27,645
$8,449
-69%
Investments
$584,307
$2,680,193
+359%
Property, Plant, & Equipment (net)
$262,993
$244,722
-7%
Other Assets
$1,909,784
$1,576,241
-17%
Total Assets
$7,840,536
$8,244,466
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$138,352
$206,265
+49%
Grants Payable
-
-
-
Deferred Revenue
$43,165
$17,080
-60%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,071,360
$1,729,752
-16%
Total Liabilities
$2,252,877
$1,953,097
-13%
Net assets
2023
2024
Change
Restricted Net Assets
$691,808
$694,104
+0%
Unrestricted Net Assets
$4,895,851
$5,597,265
+14%
Net assets
2023
2024
Change
Net assets
+$5,587,659
+$6,291,369
+13%
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