Grace Housing Inc

Analysis

Grace Housing Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Grace Housing Inc reported income of $111k and spending of $85k, leaving 23% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income fell from $119k to $111k (-6.9%), an average of -6.9% a year. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Housing Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Restart Accessible Housing Inc ($111k), Central Falls Affordable Housing Corp ($111k) and Adelanto Affordable Housing a Non Profit Mutual Benefit Corporation ($111k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.