Grace O Foundation

Analysis

Grace O Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Grace O Foundation reported income of $410k and spending of $414k, spending 101% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $283k to $410k (+45%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grace O Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Friends of Highlands Hammock State Park Inc ($410k), Tudor Place Foundation Inc TR 1 P-02965-00-5 ($410k) and Upper Makefield Fire Company ($410k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $51k, net assets of -$51k.