Gracious Grounds Inc

Analysis

Gracious Grounds Inc is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in August 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, Gracious Grounds Inc reported income of $743k and spending of $725k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $348k to $743k (+114%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gracious Grounds Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Heart and Mind Foundation ($742k), Glenwood Academy Endowment Trust ($744k) and Jane F and D Lawrence Sherman Family Support Foundation ($741k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 74% of the total. Other salaries and wages came to $186k. At year end it held assets of $585k against liabilities of $12k, net assets of $573k. It reported 6 employees.