Truly Grace Inc

Analysis

Truly Grace Inc is a registered charity in United States, based in Moss Point, MS. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Truly Grace Inc reported income of $60k and spending of $53k, spending 89% of its income. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Truly Grace Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within MS. Charities of a similar size with the same main cause include Saveandprosper-Org ($60k), Nkporo Development Union USA Inc ($60k) and Penn Hills Service Association ($60k).

On its Form 990-EZ for the period ending December 2020, revenue came from program service revenue 100% of the total. At year end it held assets of $182k against liabilities of $143k, net assets of $39k.