Grace House

Analysis

Grace House is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace House reported income of $127k and spending of $114k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $127k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace House sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Lake Park Lancer Booster Club ($127k), Rogers Royals Face-Off Booster Club ($127k) and Pleasant Ridge School Foundation Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 90% of the total. At year end it held assets of $52k against liabilities of $2,916, net assets of $49k.