Heavenly Grace Assistant Living Facility Inc

Analysis

Heavenly Grace Assistant Living Facility Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Heavenly Grace Assistant Living Facility Inc reported income of $280k and spending of $245k, spending 87% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $398k to $280k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heavenly Grace Assistant Living Facility Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Housing Opportunities for Musicians and Entertainers ($280k), Statesville Elderly Housing Inc ($280k) and Elizabeth Lake Nonprofit Housing Corporation ($280k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $51k (21% of expenses). Other salaries and wages came to $23k. At year end it held assets of $119k against liabilities of $187k, net assets of -$68k. It reported 3 employees.