Partners in Mission-Our Lady of Grace Development Fund

Analysis

Partners in Mission-Our Lady of Grace Development Fund is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Partners in Mission-Our Lady of Grace Development Fund reported income of $122k and spending of $100k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $122k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partners in Mission-Our Lady of Grace Development Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Rotary Club of Arden Aracade Foundation ($122k), Beacon Hill Seminars Inc ($122k) and Dragonfly Wings Foundation ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.