Amazing Grace Adoptions

Analysis

Amazing Grace Adoptions is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Amazing Grace Adoptions reported income of $257k and spending of $330k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $257k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amazing Grace Adoptions sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Now Serving Inc ($257k), Senior Citizens Affairs Foundation of Pine - Strawberry ($257k) and Our Helpers ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $85k (26% of expenses). Other salaries and wages came to $121k. At year end it held assets of $169k against liabilities of $11k, net assets of $158k. It reported 7 employees.