Grace-Based Films Inc

Analysis

Grace-Based Films Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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-Based Films Inc reported income of $354k and spending of $428k, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $332k to $354k (+6.7%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 196%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace-Based Films Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Chitrapur Heritage Foundation USA Inc ($354k), The Aish School ($354k) and Unity Temple Restoration Foundation ($354k).

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 $63k (15% of expenses). Other salaries and wages came to $63k. At year end it held assets of $66k against liabilities of $0, net assets of $66k. It reported 4 employees.