Grace University

Analysis

Grace University is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 University reported income of $365k and spending of $312k, spending 86% of its income. Across the 5 years on record, from March 2020 to December 2023, income grew from $126k to $365k (+191%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grace University sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Rocky Mountain Songwriter Festivals Inc ($365k), The Opera House Players Inc ($365k) and Oldham Co Historical Society Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $86k (28% of expenses). Other salaries and wages came to $84k. At year end it held assets of $235k against liabilities of $4,391, net assets of $231k. It reported 9 employees.