Grace and Gratitude Sober Living Inc

Analysis

Grace and Gratitude Sober Living Inc is a registered charity in United States, based in Lake City, FL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace and Gratitude Sober Living Inc reported income of $342k and spending of $350k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $295k to $342k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace and Gratitude Sober Living 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 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Child and Family Services Foundation ($342k), Together Helping Others Inc ($342k) and Diocese of Fresno Marriage Encounter Inc ($342k).

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 $104k (30% of expenses). At year end it held assets of $6,479 against liabilities of $0, net assets of $6,479. It reported 4 employees.