Grace Foundation

Analysis

Grace Foundation is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Grace Foundation reported income of $1.6m and spending of $2.1m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.6m (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income dropped by 43%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grace Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Portland Foundation ($1.6m), Universalgiving ($1.6m) and Chicago District Golf Association Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $3.4m against liabilities of $1.2m, net assets of $2.2m.