Grace Brethren Village Inc

Analysis

Grace Brethren Village Inc is a registered charity in United States, based in Englewood, OH. It received its IRS tax-exemption ruling in March 1972, 54 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 Brethren Village Inc reported income of $5.5m and spending of $6.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.5m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Brethren Village Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Catholic Council for Social Concern Inc ($5.5m), Valley Nursing & Rehabilitation Center ($5.5m) and College of Southern Idaho Foundation Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $108k (1.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.4m against liabilities of $4.9m, net assets of $1.5m. It reported 104 employees.