The Grace Center of Southern Oklahoma Inc

Analysis

The Grace Center of Southern Oklahoma Inc is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in July 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Grace Center of Southern Oklahoma Inc reported income of $552k and spending of $376k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $552k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Grace Center of Southern Oklahoma Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OK. Charities of a similar size with the same main cause include H 2 O Help and Hope to Others ($552k), Central Dakota Forensic Nurse Examiners ($553k) and Nawlee Foundation Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $214k. At year end it held assets of $983k against liabilities of $3,150, net assets of $980k. It reported 22 employees.