Grace Network of Martinsville & Henry Co Inc

Analysis

Grace Network of Martinsville & Henry Co Inc is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in November 2005, 21 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 June 2024, Grace Network of Martinsville & Henry Co Inc reported income of $524k and spending of $526k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $466k to $524k (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Network of Martinsville & Henry Co Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Kingsland Foundation Inc ($524k), Prairie Family Center ($525k) and Doyle School Community Center ($524k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). At year end it held assets of $795k against liabilities of $70k, net assets of $724k. It reported 2 employees.