Saving Grace NYC

Analysis

Saving Grace NYC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Saving Grace NYC reported income of $57k and spending of $62k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8,155 to $57k (+597%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 284%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saving Grace NYC sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Modern Money Network Limited ($57k), Chamber Music Columbus ($57k) and Granite Falls Historical Society ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.