Grace in Action Incorporated

Analysis

Grace in Action Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Grace in Action Incorporated reported income of $52k and spending of $58k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $445k to $52k (-88%), an average of -66% a year. The sharpest change came in the year to December 2022, when income dropped by 86%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace in Action Incorporated sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 11th percentile within DC. Charities of a similar size with the same main cause include Barnabas Ministries ($52k), Access Housing of Carroll County Inc ($52k) and Alices Place ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 59% of the total. At year end it held assets of $758k against liabilities of $283k, net assets of $475k.