Pharmacy of Grace Inc

Analysis

Pharmacy of Grace Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in February 2019, 7 years ago. 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, Pharmacy of Grace Inc reported income of $839k and spending of $675k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $245k to $839k (+242%), an average of +85% a year. The sharpest change came in the year to December 2022, when income rose by 204%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pharmacy of Grace Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KS. Charities of a similar size with the same main cause include Florida Symphony Youth Orchestra Inc ($839k), Rehabilitation Center Therapeutic Solutions for Children and Adults ($840k) and Palmetto Citizens Against Sexual Assault ($839k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 133% of the total. Compensation of current officers, directors and key employees was $172k (25% of expenses). Other salaries and wages came to $268k. At year end it held assets of $975k against liabilities of $210k, net assets of $765k. It reported 9 employees.