Grace

Analysis

Grace is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3).

In the financial year ending June 2023, Grace reported income of $2.6m and spending of $1.5m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $947k to $2.6m (+178%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 190%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Pennyroyal Hospice Inc ($2.6m), Moments with the Book ($2.6m) and Northboro Youth Hockey Program Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $234k (15% of expenses). Other salaries and wages came to $373k. At year end it held assets of $1.9m against liabilities of $122k, net assets of $1.8m. It reported 6 employees.