Grace Encountered

Analysis

Grace Encountered is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Grace Encountered reported income of $113k and spending of $31k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $304k to $113k (-63%), an average of -63% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Encountered sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 34th percentile within ME. Charities of a similar size with the same main cause include Starkey Residential Inc ($113k), Special Operations Solutions Fund ($113k) and Abrahamic Alliance International Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $343k against liabilities of $0, net assets of $343k.