Grace Life Outreach Inc

Analysis

Grace Life Outreach Inc is a registered charity in United States, based in Cocoa Beach, FL. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2021, Grace Life Outreach Inc reported income of $232k and spending of $253k, spending 109% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income grew from $200k to $232k (+16%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Life Outreach Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Sri Radha Bhakti ($232k), New Age Seer Inc ($232k) and City Commit Inc ($232k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (14% of expenses). At year end it held assets of $965 against liabilities of $0, net assets of $965. It reported 1 employees.