Grace Health Inc

Analysis

Grace Health Inc is a registered charity in United States, based in Battle Creek, MI. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Health Inc reported income of $50.3m and spending of $47.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.4m to $50.3m (+46%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace Health Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Monroe Health Services Inc ($50.3m), Little Falls Hospital ($50.4m) and Northeast Treatment Centers Inc ($50.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $951k (2.0% of expenses). Other salaries and wages came to $22.2m. At year end it held assets of $47.6m against liabilities of $4.4m, net assets of $43.2m. It reported 492 employees.