House of Grace

Analysis

House of Grace is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2022, 4 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, House of Grace reported income of $56k and spending of $76k, spending 136% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $39k to $56k (+45%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of Grace sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AZ. Charities of a similar size with the same main cause include Andover Community Food Bank ($56k), National League of Young Men Inc ($56k) and A Community That Shares Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $1,950 (2.6% of expenses). Other salaries and wages came to $18k. At year end it held assets of $59k against liabilities of $1,504, net assets of $57k. It reported 2 employees.