Growing Grace Inc

Analysis

Growing Grace Inc is a registered charity in United States, based in Fairfax, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Growing Grace Inc reported income of $585k and spending of $569k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $523k to $585k (+12%), an average of +12% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Growing Grace Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Broad Community Connections Inc ($585k), Community Development Resources ($585k) and Help Community Development Corporation ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $401k. At year end it held assets of $66k against liabilities of $43k, net assets of $23k. It reported 12 employees.