Grace Home Inc

Analysis

Grace Home Inc is a registered charity in United States, based in Blanchard, OK. It received its IRS tax-exemption ruling in February 2016, 10 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 Home Inc reported income of $429k and spending of $283k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $429k (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 289%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Home Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within OK. Charities of a similar size with the same main cause include United Church Residences of Marion Ohio Inc ($429k), Promise Land Community Development Corporation ($429k) and Operation Sterilization Outreach Services Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (17% of expenses). Other salaries and wages came to $98k. At year end it held assets of $679k against liabilities of $0, net assets of $679k. It reported 12 employees.