Grace Foundation of Destin Inc

Analysis

Grace Foundation of Destin Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Foundation of Destin Inc reported income of $170k and spending of $0, leaving 100% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $40k to $170k (+326%), an average of +34% a year. The sharpest change came in the year to December 2019, when income dropped by 140%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grace Foundation of Destin 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 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Be a Friend ($170k), American Friends of Yeshivat Ateret Yerushalayim Inc ($170k) and Noodles & Company Foundation ($170k).

At year end it held assets of $964k against liabilities of $0, net assets of $964k.