Grace Solutions

Analysis

Grace Solutions is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 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 June 2023, Grace Solutions reported income of $393k and spending of $184k, leaving 53% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $664k to $393k (-41%), an average of -23% a year. The sharpest change came in the year to June 2022, when income dropped by 60%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Solutions sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Rowan County Agriculture & Industrial Fair Assoc Inc ($393k), Forever Kings Inc ($394k) and Oral Health Kansas Inc ($393k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $50k. At year end it held assets of $282k against liabilities of $0, net assets of $282k. It reported 21 employees.