Grace Outreach

Analysis

Grace Outreach is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Outreach reported income of $836k and spending of $1.0m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $886k to $836k (-5.7%), an average of -1.5% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Outreach sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include Great Northern University ($835k), Excellence in Education Foundation for PGCPS Inc ($836k) and Ellsworth College Foundation ($835k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $632k. At year end it held assets of $747k against liabilities of $45k, net assets of $702k. It reported 15 employees.