Grace Childrens Home Co Inc

Analysis

Grace Childrens Home Co Inc is a registered charity in United States, based in Henderson, NE. It received its IRS tax-exemption ruling in March 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Childrens Home Co Inc reported income of $296k and spending of $370k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $296k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Childrens Home Co Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NE. Charities of a similar size with the same main cause include Casa Guadalupe Education Center Inc ($296k), Veterans in Transition Inc ($296k) and Social Security Services of Arizona ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 1.4% of the total. Other salaries and wages came to $123k. At year end it held assets of $3.1m against liabilities of $13k, net assets of $3.0m. It reported 5 employees.