Gracewater

Analysis

Gracewater is a registered charity in United States, based in Yazoo City, MS. It received its IRS tax-exemption ruling in May 2019, 7 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, Gracewater reported income of $270k and spending of $314k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $177k to $270k (+52%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gracewater sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within MS. Charities of a similar size with the same main cause include Faith Hope & Love Mentoring ($270k), Traverse Life Center ($270k) and Eddie & Brenda Trujillo Family Foundation Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.