Grace Manor Housing Corporation

Analysis

Grace Manor Housing Corporation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Grace Manor Housing Corporation reported income of $94k and spending of $137k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $84k to $94k (+12%), an average of +2.8% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Manor Housing Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Pineview Inc ($94k), Back of the Hill Community Development Corporation ($94k) and Maxcen Housing Society Inc Missouri Branch ($94k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $20k. At year end it held assets of $689k against liabilities of $759k, net assets of -$70k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.