Grace Rides Inc

Analysis

Grace Rides Inc is a registered charity in United States, based in Defuniak SPGS, FL. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Rides Inc reported income of $221k and spending of $185k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $221k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Rides Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Ocala Downtown Market Inc ($221k), Kids Court & Counseling Center ($221k) and Vietnamese American for Mutual Assistance and Service Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $68k. At year end it held assets of $14k against liabilities of $0, net assets of $14k. It reported 11 employees.