Grace Outreach Center Inc

Analysis

Grace Outreach Center Inc is a registered charity in United States, based in LA Place, LA. It received its IRS tax-exemption ruling in October 2001, 25 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, Grace Outreach Center Inc reported income of $3.9m and spending of $4.6m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.9m (+179%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Outreach Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Family Resource Center at Gorham ($3.9m), Chagrin River Watershed Partners Inc ($3.9m) and The Green Chair Project Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $4.5m against liabilities of $4.4m, net assets of $115k. It reported 2 employees.