Institute of Grace

Analysis

Institute of Grace is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Institute of Grace reported income of $118k and spending of $103k, spending 87% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $62k to $118k (+89%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute of Grace sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 21st percentile within DC. Charities of a similar size with the same main cause include Ohio Contemporary Chinese School ($118k), Tu Mile Quail & Dove Chapter ($118k) and Eastern York County Boys Club ($118k).

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 $235k against liabilities of $103k, net assets of $132k.