Independence Through G-R-A-C-E Foundation

Analysis

Independence Through G-R-A-C-E Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Independence Through G-R-A-C-E Foundation reported income of $771k and spending of $642k, spending 83% of its income. Across the 4 years on record, from March 2020 to March 2024, income grew from $229k to $771k (+236%), an average of +50% a year. The sharpest change came in the year to March 2024, when income rose by 115%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independence Through G-R-A-C-E Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Get to Know Angola Corporation ($771k), Everyday Revivalists Inc ($771k) and Live It Learn It ($771k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 67% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $59k (9.2% of expenses). Other salaries and wages came to $279k. At year end it held assets of $1.2m against liabilities of $9,085, net assets of $1.2m. It reported 4 employees.