Grace Network International

Analysis

Grace Network International is a registered charity in United States, based in Redmond, OR. It received its IRS tax-exemption ruling in April 1992, 34 years ago. 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 Network International reported income of $328k and spending of $331k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $329k to $328k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Network International 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 OR. Charities of a similar size with the same main cause include Mid Michigan Honor Flight Inc ($328k), Grand Island Public Library Foundat Ion ($328k) and PTA California Congress of Parents Teachers & Students Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $173k (52% of expenses). At year end it held assets of $227k against liabilities of $585, net assets of $226k. It reported 3 employees.

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.