Grace Way Village

Analysis

Grace Way Village is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in April 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 Way Village reported income of $1.1m and spending of $669k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $1.1m (+427%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 260%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Way Village sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include McClain-Garvin Youth & Family Center Inc ($1.1m), The Arc-Solano ($1.1m) and Hoosiers Feeding the Hungry Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $194k. At year end it held assets of $2.2m against liabilities of $17k, net assets of $2.2m. It reported 9 employees.