Grace Packs Incorporated

Analysis

Grace Packs Incorporated is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Packs Incorporated reported income of $60k and spending of $42k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $60k (-6.6%), an average of -6.6% a year. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Packs Incorporated sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Society of Saint Vincent de Paul St Raphael Conference ($60k), Action Ministries Houston Incorporated ($60k) and National Charity League ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.