Grace Episcopal Church Foundation

Analysis

Grace Episcopal Church Foundation is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 2023, Grace Episcopal Church Foundation reported income of $77k and spending of $73k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $121k to $77k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Episcopal Church Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Galena Education Foundation ($77k), Cape Fear Studios Incorporated ($77k) and Marietta Kiwanis Foundation Fund Inc ($77k).

At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.