Where Grace Abounds Inc

Analysis

Where Grace Abounds Inc is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in March 1987, 39 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, Where Grace Abounds Inc reported income of $265k and spending of $303k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $274k to $265k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Where Grace Abounds Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Friends of Guatemalan Children Inc ($265k), Fearrington Cares ($266k) and Minnesota Public Television Association ($265k).

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 $111k (36% of expenses). Other salaries and wages came to $81k. At year end it held assets of $232k against liabilities of $108k, net assets of $125k. It reported 7 employees.