Grace Giving and Receiving Assistance for Our Communitys Esse

Analysis

Grace Giving and Receiving Assistance for Our Communitys Esse is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Giving and Receiving Assistance for Our Communitys Esse reported income of $457k and spending of $263k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $255k to $457k (+79%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Giving and Receiving Assistance for Our Communitys Esse sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Exceptional Equestrians of the Missouri Valley Inc ($457k), Kupat Givat Hamivtar Inc ($457k) and Potters Clay Ministries Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $73k. At year end it held assets of $764k against liabilities of $12k, net assets of $752k. It reported 3 employees.