Grace Clinic of Yadkin Valley

Analysis

Grace Clinic of Yadkin Valley is a registered charity in United States, based in Elkin, NC. It received its IRS tax-exemption ruling in October 2006, 20 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, Grace Clinic of Yadkin Valley reported income of $610k and spending of $467k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $610k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Clinic of Yadkin Valley sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Global Peace Alliance Inc ($610k), Chico Area Council on Aging Inc ($610k) and Rise-Resource Information Support and Empowerment ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Other salaries and wages came to $309k. At year end it held assets of $935k against liabilities of $65k, net assets of $870k. It reported 13 employees.