House of Grace

Analysis

House of Grace is a registered charity in United States, based in Southaven, MS. It received its IRS tax-exemption ruling in May 1999, 27 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, House of Grace reported income of $466k and spending of $490k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $466k (+7.6%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Grace sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within MS. Charities of a similar size with the same main cause include Together & Free Inc ($466k), Willow Springs Boys Ranch Inc ($466k) and Vernon Township Police Athletic League Inc ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $260k. At year end it held assets of $94k against liabilities of $76k, net assets of $18k. It reported 10 employees.