Grace Science Foundation

Analysis

Grace Science Foundation is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Science Foundation reported income of $827k and spending of $1.3m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $827k (-47%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace Science Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Network for Life ($826k), Tift General Hospital Foundation Inc ($827k) and National Pancreatic Cancer Foundation ($826k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $2.8m against liabilities of $43k, net assets of $2.7m.