Grace Foundation Inc

Analysis

Grace Foundation Inc is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in June 2014, 12 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 Foundation Inc reported income of $560k and spending of $532k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $560k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 89% 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 Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NE. Charities of a similar size with the same main cause include John B & Dareth Gerlach Foundation ($560k), Friends of Thunderbay National Marine Sanctuary ($560k) and Arlington I S D Education Foundation ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $59k (11% of expenses). Other salaries and wages came to $92k. At year end it held assets of $912k against liabilities of $9,794, net assets of $902k. It reported 4 employees.