Grace Court Inc

Analysis

Grace Court Inc is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in April 1985, 41 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 (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 Court Inc reported income of $1.5m and spending of $1.7m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+19%), an average of +4.4% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Court Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include G H Real Holdings Inc ($1.5m), North Dade Senior Citizens Housing Development Corporation Inc ($1.5m) and Big Bend Homeless Assistance Continuum of Care Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 23% of the total. Other salaries and wages came to $167k. At year end it held assets of $6.6m against liabilities of $7.5m, net assets of -$936k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.