Grace Impact Development Center Inc

Analysis

Grace Impact Development Center Inc is a registered charity in United States, based in Moncks Corner, SC. It received its IRS tax-exemption ruling in June 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 Impact Development Center Inc reported income of $222k and spending of $200k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $353k to $222k (-37%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Impact Development Center Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Or Ami Ministries ($222k), Viet Dreams ($222k) and Ihope Helping Hands ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $184k against liabilities of $27k, net assets of $157k.