W E Grace Foundation

Analysis

W E Grace Foundation is a registered charity in United States, based in Westworth VLG, TX. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, W E Grace Foundation reported income of $51k and spending of $84k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $51k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 405%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, W E Grace Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($51k), Safari of Hope Inc ($51k) and Master Singers Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.