Simply Grace Inc

Analysis

Simply Grace Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Simply Grace Inc reported income of $71k and spending of $81k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $71k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Simply Grace Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within GA. Charities of a similar size with the same main cause include Light in Darkness Ministries ($71k), Beyeperfect Corp ($71k) and Powerhaven Ministries Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $53k. At year end it held assets of $61k against liabilities of $383, net assets of $61k. It reported 2 employees.