Gifting Grace Project Inc

Analysis

Gifting Grace Project Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in September 2021, 5 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 2022, Gifting Grace Project Inc reported income of $103k and spending of $80k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $45k to $103k (+129%), an average of +129% a year. The sharpest change came in the year to December 2022, when income rose by 129%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gifting Grace Project Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Waymakers ($103k), Young American Leaders Association Tyndale International University ($103k) and Tonyshope Inc ($103k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,473 (11% of expenses). At year end it held assets of $38k against liabilities of $4,987, net assets of $33k. It reported 1 employees.