Irreducible Grace Foundation

Analysis

Irreducible Grace Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2013, 13 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, Irreducible Grace Foundation reported income of $1.1m and spending of $882k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $1.1m (+811%), an average of +74% a year. The sharpest change came in the year to December 2020, when income rose by 300%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Irreducible Grace Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Sckic Inc ($1.1m), School Nutrition Foundation ($1.1m) and Ican Shine Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 6.2% of the total. Other salaries and wages came to $392k. It paid $49k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $923k. It reported 41 employees.