Grace United Methodist Foundation Inc

Analysis

Grace United Methodist Foundation Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace United Methodist Foundation Inc reported income of $90k and spending of $102k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $35k to $90k (+157%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 362%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace United Methodist Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include Homestead Soup Kitchen Inc ($90k), Hundred Club of Indian River County Inc ($90k) and Maryland Assessment Group Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% of the total. At year end it held assets of $912k against liabilities of $0, net assets of $912k.