Grace Life International Inc

Analysis

Grace Life International Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Life International Inc reported income of $743k and spending of $601k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $779k to $743k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Life International Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Acadiana Outreach Center Inc ($743k), Kerala Hindus of North America Inc ($743k) and Missional International Church Network - USA ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $160k (27% of expenses). Other salaries and wages came to $322k. At year end it held assets of $298k against liabilities of $0, net assets of $298k. It reported 9 employees.