Living Grace Homes Inc

Analysis

Living Grace Homes Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in September 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, Living Grace Homes Inc reported income of $1.6m and spending of $1.2m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $499k to $1.6m (+224%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living Grace Homes 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 84th percentile, and in the 86th percentile within NV. Charities of a similar size with the same main cause include Northern Transitions Inc ($1.6m), New School at Chambers Bay ($1.6m) and Minneapolis Va Employees Child Care Corporation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $70k (6.1% of expenses). It paid $82k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $308k, net assets of $1.3m. It reported 14 employees.