Grace and Glory

Analysis

Grace and Glory is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 and Glory reported income of $89k and spending of $91k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $89k (+0.5%), an average of +0.5% a year. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grace and Glory sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Bob Feller Act of Valor Award Foundation Inc ($89k), GMP Charities Inc ($89k) and Philharmonic Foundation of Orange County TR ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $9,597 against liabilities of $0, net assets of $9,597.