The Grace Center

Analysis

The Grace Center is a registered charity in United States, based in Fredericksbrg, TX. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Grace Center reported income of $1.8m and spending of $1.0m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $1.8m (+323%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 291%. Over the whole period it spent 19% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Grace Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Eatonville Area Council ($1.8m), Hands Together a Center for Children ($1.8m) and Residential Options Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $148k (15% of expenses). Other salaries and wages came to $369k. At year end it held assets of $7.9m against liabilities of $184k, net assets of $7.7m. It reported 26 employees.