Grace Center Foundation Inc

Analysis

Grace Center Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Grace Center Foundation Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $561k to $1.1m (+92%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Grace Center Foundation Inc 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Lutheran Partners in Global Ministry Inc ($1.1m), Oakseed Ministries International ($1.1m) and Enchanted Peach Childrens Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 101% of the total. At year end it held assets of $525k against liabilities of $3,441, net assets of $521k.