Grace Foundation of New York

Analysis

Grace Foundation of New York is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2023, Grace Foundation of New York reported income of $3.1m and spending of $2.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.1m (+66%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace Foundation of New York sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include New Beginning Recovery Center LLC ($3.1m), National Association of Health Services Executives Inc ($3.1m) and Manor Care of Lacey Wa Association ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $150k (5.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.2m against liabilities of $175k, net assets of $3.0m. It reported 132 employees.