Grace Community Center Inc

Analysis

Grace Community Center Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in February 1978, 48 years ago. 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 Community Center Inc reported income of $332k and spending of $332k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $332k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Community Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Livonia Symphony Society Inc ($332k), Portage County Youth Soccer Ltd ($332k) and Marthas Vineyard Mediation Program ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). Other salaries and wages came to $146k. At year end it held assets of $255k against liabilities of $68k, net assets of $187k. It reported 6 employees.