Gracelyn Group

Analysis

Gracelyn Group is a registered charity in United States, based in Apple Valley, MN. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gracelyn Group reported income of $2.7m and spending of $3.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.7m (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gracelyn Group sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Northeastern Child Care Services ($2.7m), Meals on Wheels of Contra Costa Inc ($2.7m) and Crisis Assistance Center ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $1.7m against liabilities of $591k, net assets of $1.1m. It reported 120 employees.