Grace Charitable Foundation

Analysis

Grace Charitable Foundation is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Charitable Foundation reported income of $1.1m and spending of $809k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $1.6m to $1.1m (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2022, when income rose by 52475%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Charitable Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Shelby Kennedy Foundation Inc ($1.1m), Unreached Villages ($1.1m) and Arizona Diaper Bank ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $706k against liabilities of $0, net assets of $706k.