Grace Initiative of South Liberty County

Analysis

Grace Initiative of South Liberty County is a registered charity in United States, based in Liberty, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Grace Initiative of South Liberty County reported income of $136k and spending of $208k, spending 153% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $195k to $136k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Initiative of South Liberty County sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Agape Foundations Inc ($136k), Paw Packs Program Inc ($136k) and Fayetteville Senior Center Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $190k against liabilities of $3,854, net assets of $186k.