Grace Housing Complex NFP

Analysis

Grace Housing Complex 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 housing and shelter, which this site groups under housing and shelter. 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 Housing Complex NFP reported income of $60k and spending of $79k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $511k to $60k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Housing Complex NFP sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Rainbow of Challenges Homes of Bradley ($60k), Kenwood Properties Inc Central Wisconsin Community ($60k) and West Elmwood Neighbor Works Home Ownership Center Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,750 against liabilities of $23k, net assets of -$19k.