Grace Dee May Inc

Analysis

Grace Dee May Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Dee May Inc reported income of $122k and spending of $176k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $122k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 176%. Over the whole period it spent 78% 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 Dee May Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Shaggers Incorporated ($122k), Historic St Elmo and Chalk Creek Canyon Inc ($122k) and Ballet for All Kids ($122k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 0.3% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.