Grace Healthcare Services Corp

Analysis

Grace Healthcare Services Corp is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Healthcare Services Corp reported income of $303k and spending of $265k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $182k to $303k (+66%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grace Healthcare Services Corp sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include The@marie Equi Institute ($303k), Survive a Stroke Foundation ($303k) and Franklin County Local Outreach to Suicide Survivors ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $17k (6.3% of expenses). At year end it held assets of $125k against liabilities of $0, net assets of $125k.