Giving Grace Inc

Analysis

Giving Grace Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in August 2016, 10 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, Giving Grace Inc reported income of $1.6m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $1.6m (-62%), an average of -22% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Giving Grace Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Seven Hills Neighborhood Houses ($1.6m), Bridges for End-Of-Life ($1.6m) and Nurturing Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $112k (7.4% of expenses). Other salaries and wages came to $555k. At year end it held assets of $4.2m against liabilities of $326k, net assets of $3.9m. It reported 24 employees.