Grace-Mar Services Inc

Analysis

Grace-Mar Services Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2010, 16 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-Mar Services Inc reported income of $225k and spending of $458k, spending 203% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $416k to $225k (-46%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace-Mar Services Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Gift of Giving Intl Inc ($225k), Alabama Campaign to Prevent Teen Pregnancy Inc ($225k) and Rope Your Dreams Therapeutic Riding and Education Center ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (14% of expenses). At year end it held assets of $681k against liabilities of $348k, net assets of $333k. It reported 5 employees.