Grace Medical Home Inc

Analysis

Grace Medical Home Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Medical Home Inc reported income of $6.2m and spending of $6.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $6.2m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace Medical Home Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Al Sigl Center for Rehabilitation Agencies Inc ($6.2m), Citizens United for Research in Epilepsy ($6.2m) and Douglas Gardens Home Care Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $465k (7.3% of expenses). Other salaries and wages came to $2.0m. It paid $32k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $161k, net assets of $3.1m. It reported 50 employees.