Grace Family Services

Analysis

Grace Family Services is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2020, Grace Family Services reported income of $125k and spending of $88k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $164k to $125k (-24%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Family Services sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Habitat Capital Resources Corporation ($125k), Aasc II ($125k) and Duqc Housing II NFP Inc ($125k).

On its Form 990 for the period ending December 2020, revenue came from program service revenue 100% of the total. Other salaries and wages came to $75k. At year end it held assets of $75k against liabilities of $37k, net assets of $37k.