Graceline Inc

Analysis

Graceline Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2002, 24 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, Graceline Inc reported income of $360k and spending of $154k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $360k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Graceline 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 69th percentile within TX. Charities of a similar size with the same main cause include Middle Ground Corporation ($359k), Servants Ministry ($360k) and Brad and Rebekah Ministries ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $13k (8.2% of expenses). At year end it held assets of $2.1m against liabilities of $373, net assets of $2.1m. It reported 2 employees.