Grace Nation

Analysis

Grace Nation is a registered charity in United States, based in Westwood, MA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Nation reported income of $1.2m and spending of $746k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $888k to $1.2m (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Nation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Cullman Christian School ($1.2m), Vipassana Community Foundation ($1.2m) and Wellspring Interfaith Social Services Inc ($1.2m).

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 $72k (9.7% of expenses). Other salaries and wages came to $18k. At year end it held assets of $372k against liabilities of $13k, net assets of $358k. It reported 2 employees.