Gracious Hands Transitional Housing for Women and Children

Analysis

Gracious Hands Transitional Housing for Women and Children is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gracious Hands Transitional Housing for Women and Children reported income of $181k and spending of $197k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $27k to $181k (+563%), an average of +88% a year. The sharpest change came in the year to December 2020, when income rose by 960%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gracious Hands Transitional Housing for Women and Children sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include HDF Community Land Trust Inc ($181k), R S & V P Property One Inc ($181k) and LA Casa Village II Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $42k. At year end it held assets of $985k against liabilities of $4,552, net assets of $980k.