Grace Commons Inc

Analysis

Grace Commons Inc is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Commons Inc reported income of $170k and spending of $330k, spending 195% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $151k to $170k (+12%), an average of +2.9% a year. Over the whole period it spent 204% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Commons Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Margaret C Love House Inc ($170k), Jackson Free Clinic for the Homeless ($170k) and Michigan Nonprofit Housing Corporation ($170k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $2.8m against liabilities of $2.3m, net assets of $484k.

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.