Gracia Inc NFP

Analysis

Gracia Inc NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Gracia Inc NFP reported income of $172k and spending of $196k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $211k to $172k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Gracia Inc NFP sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Cura for the World Foundation ($171k), Trabajo Y Persona Foundation Inc ($172k) and Truck of Love ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $46k (23% of expenses). Other salaries and wages came to $47k. At year end it held assets of $77k against liabilities of $45k, net assets of $33k. It reported 2 employees.