Grace Works Unlimited Inc

Analysis

Grace Works Unlimited Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in February 2010, 16 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, Grace Works Unlimited Inc reported income of $174k and spending of $172k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $330k to $174k (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Works Unlimited Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Bay View Center ($174k), Sober Af Entertainment ($174k) and D Nasser Outreach Inc ($174k).

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 $17k against liabilities of $0, net assets of $17k.