Gracehaven Inc

Analysis

Gracehaven Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Gracehaven Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $1.8m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gracehaven 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 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include First Step Shelter Inc ($1.8m), Christian Church Homes of Washington ($1.8m) and Jonas Bronck Housing Company Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 32% of the total. Other salaries and wages came to $758k. At year end it held assets of $1.6m against liabilities of $921k, net assets of $669k. It reported 50 employees.