Grace Klein Community Inc

Analysis

Grace Klein Community Inc is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in May 2011, 15 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 2022, Grace Klein Community Inc reported income of $8.5m and spending of $8.2m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $8.5m (+467%), an average of +78% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Klein Community Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within AL. Charities of a similar size with the same main cause include Linn Benton Food Share ($8.5m), Silver Key Senior Services ($8.5m) and Boys & Girls Aid Society of Oregon ($8.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $366k. At year end it held assets of $889k against liabilities of $225k, net assets of $664k. It reported 19 employees.