Grace Institute

Analysis

Grace Institute is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 2005, 21 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 (gross receipts test) 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 $660k and spending of $660k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $660k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 728%. Over the whole period it spent 98% 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 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 74th percentile, and in the 75th percentile within OR. Charities of a similar size with the same main cause include Spanish River Concerts Inc ($660k), Centro Cultural Aztlan Inc ($660k) and Opera North ($660k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $468k (71% of expenses). At year end it held assets of $117k against liabilities of $11k, net assets of $106k. It reported 131 employees.