Grace One

Analysis

Grace One is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 One reported income of $331k and spending of $345k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $331k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace One sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Tulsa Cornerstone Assistance Network Inc ($331k), Sealy Pregnancy Resource Center ($331k) and New Creation Home Ministries ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,112 against liabilities of $0, net assets of $8,112.