Grace Network

Analysis

Grace Network is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in September 2022, 4 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 February 2024, Grace Network reported income of $318k and spending of $253k, leaving 20% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income grew from $100k to $318k (+217%), an average of +217% a year. The sharpest change came in the year to February 2024, when income rose by 217%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Network sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Heart Missionary Training Institute Inc ($318k), Harmony Day Montessori School ($318k) and Sycamore Athletic Boosters Association ($318k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $163k against liabilities of $44k, net assets of $119k.