Grace Cares Incorporated

Analysis

Grace Cares Incorporated is a registered charity in United States, based in Newfane, VT. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Cares Incorporated reported income of $124k and spending of $109k, spending 88% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $95k to $124k (+31%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grace Cares Incorporated sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 33rd percentile within VT. Charities of a similar size with the same main cause include Young Artists Harp Seminars Inc ($124k), Daniels County Museum Association ($124k) and Denver Ballet Theatre ($124k).

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 $71k against liabilities of $0, net assets of $71k.