Grace Covenant Presbyterian Church Foundation Inc

Analysis

Grace Covenant Presbyterian Church Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Grace Covenant Presbyterian Church Foundation Inc reported income of $105k and spending of $55k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $216k to $105k (-51%), an average of -51% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grace Covenant Presbyterian Church Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include MBRC Foundation ($105k), Becky Bailey Foundation ($105k) and Barrels for a Cause Inc ($105k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.