Princess Grace Foundation

Analysis

Princess Grace Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Princess Grace Foundation reported income of $2.7m and spending of $1.9m, leaving 32% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.0m to $2.7m (+166%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Princess Grace Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Joella and Stewart Morris Foundation ($2.7m), Salt Lake Education Foundation ($2.7m) and Menorah Heritage Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. Compensation of current officers, directors and key employees was $217k (12% of expenses). Other salaries and wages came to $396k. At year end it held assets of $24.7m against liabilities of $1.0m, net assets of $23.6m. It reported 6 employees.