Friends of Grace Church School Brooklyn Heights Inc

Analysis

Friends of Grace Church School Brooklyn Heights Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Friends of Grace Church School Brooklyn Heights Inc reported income of $424k and spending of $98k, leaving 77% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $229k to $424k (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 21% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Grace Church School Brooklyn Heights Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Avas Heart ($424k), Boardassist ($424k) and Lend a Helping Can Inc ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.