Grace Manor Inc

Analysis

Grace Manor Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1996, 30 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, Grace Manor Inc reported income of $327k and spending of $431k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $309k to $327k (+6.0%), an average of +1.5% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Manor Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Gracebound Inc ($327k), Moab Area Community Land Trust ($327k) and Hale Lokahi Akahi ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 76% of the total. Other salaries and wages came to $35k. At year end it held assets of $695k against liabilities of $193k, net assets of $501k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.