Philadelphia Grace Project Inc

Analysis

Philadelphia Grace Project Inc is a registered charity in United States, based in Warrington, PA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, 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, Philadelphia Grace Project Inc reported income of $335k and spending of $337k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $239k to $335k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Philadelphia Grace Project 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 62nd percentile within PA. Charities of a similar size with the same main cause include Fundacrecer ($335k), Family Promise of Clark County ($335k) and First Growth Children and Family Charities Inc ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $25k (7.4% of expenses). At year end it held assets of $50k against liabilities of $3,966, net assets of $46k. It reported 1 employees.