Chains of Grace Inc

Analysis

Chains of Grace Inc is a registered charity in United States, based in Midlothian, TX. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Chains of Grace Inc reported income of $115k and spending of $141k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $115k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 182% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Chains of Grace Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Birthright Geauga Inc ($115k), Genesis Transitional Housing Ministries Inc ($115k) and Penitents Grace Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $57k (40% of expenses). Other salaries and wages came to $6,240. At year end it held assets of $688k against liabilities of $196k, net assets of $492k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.