Grace Bomb Company

Analysis

Grace Bomb Company is a registered charity in United States, based in Davidsonville, MD. It received its IRS tax-exemption ruling in May 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 June 2023, Grace Bomb Company reported income of $365k and spending of $431k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $356k to $365k (+2.6%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 98% 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 Bomb Company sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Sabrina Cohen Foundation Inc ($365k), Corona-Norco United Way ($365k) and Ellijay Lions Club Charities Inc ($365k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (31% of expenses). Other salaries and wages came to $89k. At year end it held assets of $69k against liabilities of $1,620, net assets of $67k. It reported 3 employees.