First Grace Community Alliance

Analysis

First Grace Community Alliance is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 2009, 17 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 December 2023, First Grace Community Alliance reported income of $432k and spending of $373k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $432k (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Grace Community Alliance sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Pee Wee Homes ($431k), Bay Aging Apartments Gloucester Inc ($432k) and Menorah Park Group Residences Inc ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $169k. At year end it held assets of $583k against liabilities of $6,860, net assets of $576k. It reported 6 employees.