Saint Grace Inc

Analysis

Saint Grace Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 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 2023, Saint Grace Inc reported income of $5.4m and spending of $202k, leaving 96% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $11.7m to $5.4m (-54%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 1409557%. Over the whole period it spent 2.5% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Saint Grace Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include New Destiny Treatment Center Inc ($5.4m), Friends of Hong Kong Charities Inc ($5.4m) and Book of Mormon Central ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $16.6m against liabilities of $0, net assets of $16.6m.