Grace Theatre Workshop Inc

Analysis

Grace Theatre Workshop Inc is a registered charity in United States, based in Union City, NJ. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Theatre Workshop Inc reported income of $64k and spending of $42k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $64k (-13%), an average of -12% a year. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grace Theatre Workshop Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include One Achord Guitar Lessons Inc ($64k), Bar Plan Foundation ($64k) and The Winter Blast Foundation ($64k).

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 $107k against liabilities of $0, net assets of $107k.