Grace Cottage Foundation

Analysis

Grace Cottage Foundation is a registered charity in United States, based in Townshend, VT. It received its IRS tax-exemption ruling in October 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Grace Cottage Foundation reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $2.1m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2021, when income rose by 36%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Cottage Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include Eden South Bay Inc ($2.1m), Indigenous Peoples Task Force ($2.1m) and Trade Industries ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $9.5m against liabilities of $188k, net assets of $9.3m.