Grace Education & Business Community Center Inc

Analysis

Grace Education & Business Community Center Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in May 2016, 10 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, Grace Education & Business Community Center Inc reported income of $202k and spending of $174k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $212k to $202k (-5.0%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Education & Business Community Center Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Young Investors Society ($202k), Gilbert Band Boosters ($202k) and York Community High School Booster Club ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (26% of expenses). Other salaries and wages came to $46k. At year end it held assets of $25k against liabilities of $0, net assets of $25k.