Efforts of Grace Inc

Analysis

Efforts of Grace Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Efforts of Grace Inc reported income of $3.4m and spending of $4.6m, spending 135% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $3.4m (+211%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Efforts of Grace Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Missouri Humanities Council ($3.4m), Project Row Houses ($3.4m) and World Radio Network Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $120k (2.6% of expenses). Other salaries and wages came to $1.2m. It paid $34k in professional fundraising fees. At year end it held assets of $7.9m against liabilities of $2.6m, net assets of $5.4m. It reported 47 employees.