Housing & Shelter
(L410)
IRS Verified
DX Registered
990 on File
GRACE RESOURCES INC
Financial strength (30%)
81/100
Reliability (20%)
55/100
Effectiveness (25%)
93/100
Impact (25%)
80/100
CharityAI™ Score
Not yet evaluated
Mission Statement
To serve individuals, families and senior citizens of the Antelope Valley living in poverty by meeting both their spiritual and physical needs through free grocery distributions of fresh produce, dairy, meat, bread, and shelf stable foods as well as providing hot meals. “And don’t forget to do good and to share with those in need.” Hebrews 13:16a Our staff participates in yearly non-discrimination training per our relationship with the Los Angeles Regional Food Bank and follow their civil rights guidelines and policies.
Financial Overview — FY 2023
$974K
Total Revenue
$825K
Total Expenses
$1.0M
Net Assets
9
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
86.6%
Fundraising Efficiency
41.1%
Operating Reserve
14.61x
Liability-to-Asset
12.0%
Revenue Diversification
92.7%
Executive Compensation
$95K
Compared with Peers
FY 2023
Compared with 7,651 similar organizations
(United States, Housing & Shelter, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
86.6% | 87.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.7% | 11.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
41.1% | 20.8% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
14.6 mo | 13.3 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.0% | 27.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.7% | 92.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
34.1% | 4.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.7% | 4.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
15.4% | -7.3% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Free groceries (produce, meat, dairy, shelf stable) to help a family avoid hunger and poverty. | 200,000 | $6.00 | — | Per Week |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $974K | $825K | $1.0M | 86.6% | 9 |
| 2022 | $727K | $738K | $854K | 88.3% | 12 |
| 2021 | $1.2M | $882K | $866K | 76.1% | 12 |
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