Path of Grace Inc

Analysis

Path of Grace Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in March 2009, 17 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, Path of Grace Inc reported income of $2.4m and spending of $1.6m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Path of Grace Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Area IV Senior Citizens Planning Council Inc ($2.4m), Mother and Unborn Babycare of Long Island Inc ($2.4m) and J Smith Young YMCA Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $120k (7.7% of expenses). Other salaries and wages came to $255k. At year end it held assets of $9.2m against liabilities of $1.2m, net assets of $8.0m. It reported 39 employees.