Grace Community

Analysis

Grace Community is a registered charity in United States, based in Centreville, VA. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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 Community reported income of $82k and spending of $71k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $82k (-0.4%), an average of -0.4% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Community sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Alliance for Economic Success ($82k), Guin Foss Parent Teacher Organization ($82k) and Joe R & Erma Lee Hall TR ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $153k against liabilities of $20k, net assets of $133k.