Gracies Project

Analysis

Gracies Project is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gracies Project reported income of $478k and spending of $472k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $478k (+209%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 94% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Gracies Project sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Rescue Village Foundation ($478k), Above and Beyond English Setter Rescue ($478k) and The Santa Barbara Bird Sanctuary ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $39k (8.3% of expenses). Other salaries and wages came to $51k. At year end it held assets of $139k against liabilities of $36k, net assets of $103k. It reported 5 employees.