Grace House Akron Inc

Analysis

Grace House Akron Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 2017, 9 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, Grace House Akron Inc reported income of $873k and spending of $752k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $873k (-18%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace House Akron Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Food Literacy Center ($873k), P2r Training and Resource Center Inc ($873k) and The Good Dog Foundation Inc ($873k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $81k (11% of expenses). Other salaries and wages came to $326k. At year end it held assets of $4.1m against liabilities of $53k, net assets of $4.1m. It reported 33 employees.