Center of Grace Inc

Analysis

Center of Grace Inc is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Center of Grace Inc reported income of $1.4m and spending of $1.7m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $1.4m (-60%), an average of -20% a year. The sharpest change came in the year to December 2021, when income dropped by 69%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Grace Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within KS. Charities of a similar size with the same main cause include Soldiers Best Friend ($1.4m), Endeavors Adult Development Center ($1.4m) and East Cooper Meals on Wheels Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $105k (6.2% of expenses). Other salaries and wages came to $225k. At year end it held assets of $8.6m against liabilities of $1.4m, net assets of $7.2m. It reported 13 employees.