Grace Community Development Corporation of Florida

Analysis

Grace Community Development Corporation of Florida is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Grace Community Development Corporation of Florida reported income of $162k and spending of $67k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $12k to $162k (+1221%), an average of +136% a year. The sharpest change came in the year to December 2023, when income rose by 1148%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grace Community Development Corporation of Florida sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Parma Community Improvement Corporation ($162k), New Hampshire Alliance of Regional Development Corporations Inc ($162k) and Community Connection Center ($162k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $978k against liabilities of $490k, net assets of $488k.