Home of Grace Inc

Analysis

Home of Grace Inc is a registered charity in United States, based in Longwood, FL. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Home of Grace Inc reported income of $5.4m and spending of $4.7m, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $5.4m (+2616%), an average of +2616% a year. The sharpest change came in the year to December 2023, when income rose by 2616%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home of Grace Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Utah Foster Care Foundation ($5.4m), Crime Victims Treatment Center Inc ($5.4m) and Nevada Childrens Foundation Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Other salaries and wages came to $109k. At year end it held assets of $859k against liabilities of $0, net assets of $859k. It reported 5 employees.