Grace Center of Charleston Inc

Analysis

Grace Center of Charleston Inc is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Center of Charleston Inc reported income of $56k and spending of $40k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $56k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Center of Charleston Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within SC. Charities of a similar size with the same main cause include Home of Grace for Christs Workers ($56k), Partners with Christ ($56k) and Ming Ya Buddhist Foundation of Seattle ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.