Grace Place Properties

Analysis

Grace Place Properties is a registered charity in United States, based in Duncanville, TX. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Place Properties reported income of $620k and spending of $622k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $454k to $620k (+37%), an average of +8.1% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Place Properties 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 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Covenant Place Senior Center Inc ($620k), Fundacion 4 Inc ($620k) and Lubbock Impact Inc ($620k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 41% of the total. Other salaries and wages came to $202k. At year end it held assets of $702k against liabilities of $165k, net assets of $537k. It reported 4 employees.