Grace Urban Development Corporation

Analysis

Grace Urban Development Corporation is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Urban Development Corporation reported income of $294k and spending of $572k, spending 194% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $516k to $294k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grace Urban Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Life After Release ($294k), Louisville Asset Building Coalition Inc ($294k) and Volunteer Center of the Lehigh Valley ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $93k against liabilities of $889, net assets of $93k.