Grace Care Incorporated

Analysis

Grace Care Incorporated is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Care Incorporated reported income of $87k and spending of $62k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $87k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Care Incorporated sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include All People Interfaith Pantry NFP ($87k), Macks Creek Senior Services ($87k) and Florida Veterans for Common Sense Fund Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.