Grace Gate Inc

Analysis

Grace Gate Inc is a registered charity in United States, based in Demorest, GA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover health care, 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 December 2023, Grace Gate Inc reported income of $140k and spending of $129k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $155k to $140k (-9.6%), an average of -9.6% a year. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace Gate 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 46th percentile, and in the 48th percentile within GA. Charities of a similar size with the same main cause include On Our Own of Carroll County Inc ($140k), A Life Recovery Center Inc ($140k) and Dueker Ranch Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.