Grace at the Green Light Inc

Analysis

Grace at the Green Light Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 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 2022, Grace at the Green Light Inc reported income of $630k and spending of $657k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $565k to $630k (+11%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace at the Green Light Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Cumming Home Ministries Inc ($629k), Bithiahs Family Services ($630k) and Labor Council Senior Housing Inc ($629k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (19% of expenses). At year end it held assets of $166k against liabilities of $0, net assets of $166k.