Grace Institute

Analysis

Grace Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Institute reported income of $1.3m and spending of $3.1m, spending 235% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.3m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 161% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Florence Food Share ($1.3m), Corpus Christi Hope House Inc ($1.3m) and Anderson Orthopaedic Research Institute ($1.3m).

Compensation of current officers, directors and key employees was $208k (6.7% of expenses). At year end it held assets of $47.0m against liabilities of $4.3m, net assets of $42.7m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.