Sierra Saving Grace Homeless Project

Analysis

Sierra Saving Grace Homeless Project is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Sierra Saving Grace Homeless Project reported income of $2.4m and spending of $1.3m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $616k to $2.4m (+288%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sierra Saving Grace Homeless Project sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Chautauqua Home Rehabilitation & Improvement Corp ($2.4m), Squareone Villages ($2.4m) and Casa de LA Raza Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $80k (6.2% of expenses). Other salaries and wages came to $353k. At year end it held assets of $3.5m against liabilities of $2.4m, net assets of $1.1m.