Grace Legacy Builders Inc

Analysis

Grace Legacy Builders Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 2012, 14 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 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 Legacy Builders Inc reported income of $157k and spending of $203k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $157k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 115% 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 Legacy Builders Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Astra Mental Health and Recovery Foundation ($156k), Fundacion Oasis Internacional ($157k) and Aidnow ($156k).

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 $80k (39% of expenses). Other salaries and wages came to $12k. At year end it held assets of $803k against liabilities of $0, net assets of $803k. It reported 2 employees.