Grace Smith House Inc

Analysis

Grace Smith House Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Smith House Inc reported income of $3.2m and spending of $2.6m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.2m (+16%), an average of +3.9% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Smith House Inc sits at the 87th percentile: it is larger than about 87% 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 Fore Women ($3.2m), Reach for Home ($3.2m) and No More Empty Pots ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $279k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.9m against liabilities of $254k, net assets of $7.7m. It reported 45 employees.