Companions in Grace Foundation

Analysis

Companions in Grace Foundation is a registered charity in United States, based in Newport Coast, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Companions in Grace Foundation reported income of $224k and spending of $73k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $224k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Companions in Grace Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Reformed Communion ($224k), Christ Is Lord International Church ($224k) and Iglesia Mision Evangelistica Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.