By Grace Trust

Analysis

By Grace Trust is a registered charity in United States, based in LA Mirada, CA. It received its IRS tax-exemption ruling in November 2022, 4 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, By Grace Trust reported income of $374k and spending of $355k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $374k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, By Grace Trust sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include New 2 You Family Thrift Inc ($374k), House of Refuge for Battered and Abused Women ($374k) and American Society of Sugar Beet Technologists Inc ($374k).

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 $190k against liabilities of $0, net assets of $190k.