Grace House Inc

Analysis

Grace House Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in August 1994, 32 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 December 2023, Grace House Inc reported income of $5.4m and spending of $4.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.4m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace House Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include Foundation for Affordable Housing Inc ($5.4m), Western Home Services Inc ($5.5m) and Vista Del Monte Affordable Housing Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $94k (2.0% of expenses). Other salaries and wages came to $905k. At year end it held assets of $1.6m against liabilities of $253k, net assets of $1.3m. It reported 39 employees.