Grace Resources

Analysis

Grace Resources is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Resources reported income of $75k and spending of $75k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $75k (+13%), an average of +14% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Resources sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Colgan High School Band Boosters ($75k), Messiah Ministries Inc ($75k) and Hanford Elementary School District Parents Clubs ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $8,526 against liabilities of $0, net assets of $8,526.