Grace Court Village

Analysis

Grace Court Village is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Court Village reported income of $406k and spending of $470k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $406k (+12%), an average of +2.8% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Court Village sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Coventry Place Incorporated ($406k), Coopersville River Village Non- Profit Housing Corporation ($406k) and Interfaith Response Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.5m against liabilities of $3.6m, net assets of -$2.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.