Gracelight Community Health

Analysis

Gracelight Community Health is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gracelight Community Health reported income of $49.1m and spending of $37.5m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.2m to $49.1m (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gracelight Community Health sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Salt Lake Community Action Program ($49.1m), Georgia School Board Association Risk & Insurance Management System ($49.2m) and Saint Therese Communities ($49.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $1.2m (3.3% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $54.3m against liabilities of $7.5m, net assets of $46.8m. It reported 327 employees.