Graces of Gurley Inc

Analysis

Graces of Gurley Inc is a registered charity in United States, based in Gurley, AL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Graces of Gurley Inc reported income of $222k and spending of $158k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $241k to $222k (-7.7%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Graces of Gurley Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AL. Charities of a similar size with the same main cause include Downtown Racine Corp ($222k), National Tribal Geographic Information Support Center ($222k) and Northeast Pa Manufacturers and Employers Council Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $45k (29% of expenses). Other salaries and wages came to $35k. At year end it held assets of $463k against liabilities of $593, net assets of $463k. It reported 6 employees.