Grace Housing Nonprofit Corporation

Analysis

Grace Housing Nonprofit Corporation is a registered charity in United States, based in Wayland, MI. It received its IRS tax-exemption ruling in June 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 Housing Nonprofit Corporation reported income of $213k and spending of $228k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $213k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 4261%. Over the whole period it spent 37% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Housing Nonprofit Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Community Design Center ($213k), Albion Associates ($213k) and Michigan House of Hope Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 33% of the total. Other salaries and wages came to $142k. At year end it held assets of $979k against liabilities of $3,220, net assets of $976k. It reported 17 employees.