Grace Manor Incorporated

Analysis

Grace Manor Incorporated is a registered charity in United States, based in Lubbock, TX. 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 Manor Incorporated reported income of $1.6m and spending of $1.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.6m (-8.6%), an average of -2.2% a year. 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 Manor Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Respective Soultions Group Inc ($1.6m), Hope Station Community Services Inc ($1.6m) and Swipe Out Hunger ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $601k. At year end it held assets of $965k against liabilities of $1.1m, net assets of -$100k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.