Grace Chapel Inc

Analysis

Grace Chapel Inc is a registered charity in United States, based in Rosemead, CA. It received its IRS tax-exemption ruling in June 1980, 46 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Chapel Inc reported income of $80k and spending of $82k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $80k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Chapel Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($80k), PTA Delaware Congress ($80k) and Doctors to the World ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.