Grace Tea

Analysis

Grace Tea is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2013, 13 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, Grace Tea reported income of $113k and spending of $130k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $315k to $113k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Tea sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Teaching the Living Christ Ministries Inc ($113k), Sonlight Childrens Foundation Inc ($113k) and Rockland Foundation Rockland Memorial Community Church ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.