Overview
What is The Grace Place Inc?
The Grace Place Inc is a nonprofit organization dedicated to aiding those in need. Their primary mission involves providing essential goods such as food, clothing, and furniture. During the pandemic, they increased their efforts and partners, serving around 400 clients and 140 seniors residing in Panola County apartment complexes. Their work is characterized by a spirit of collaboration with local churches, food pantries, and other organizations. The Grace Place Inc's activities extend beyond material support, as they also offer assistance with necessities and act as a supportive network for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Grace Place Inc has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 73%. This score reflects the organization's sound management and financial practices. Notably, it features a fully independent board with strong governance metrics, including a perfect score for board member independence and size.
The organization has successfully documented board meeting minutes and maintains a favorable liabilities to assets ratio of 0.62%, indicating solid financial stability. Furthermore, it allocates a significant portion of its budget to program expenses, with a program expense ratio of 82.74%, demonstrating a commitment to its mission.
Despite these strengths, the overall rating could suggest room for improvement in other areas beyond Accountability & Finance, which are not covered in this single beacon score. Potential donors and supporters may want to consider these aspects when evaluating the organization's overall impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Grace Place Inc legitimate?
The Grace Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Grace Place Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $131,386
For more financial information, click here
What is the mission statement of The Grace Place Inc?
The Grace Place Inc, a charitable organization, dedicates its efforts to assisting those in need. Specifically, it offers essential resources such as food, clothing, and furniture to those who are struggling. During the difficult times of the Covid-19 pandemic, the organization stepped up its efforts, serving around 400 clients through increased collaboration with churches and other food pantries. Moreover, it extended its services to approximately 140 seniors living in Panola County apartment complexes. Overall, The Grace Place Inc strives to make a difference in people's lives by alleviating their basic needs.
Who is the CEO of The Grace Place Inc?
Bob Wadsworth is the Director of The Grace Place Inc.
What is the revenue of The Grace Place Inc?
The Grace Place Inc's revenue in 2022 was $263,709.
Who are the executives of The Grace Place Inc and what are their salaries?
The average compensation at The Grace Place Inc during 2022 was $21,898. There are 6 employees at The Grace Place Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for The Grace Place Inc?
The Grace Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Grace Place Inc
The Grace Place Inc, a non-profit organization, is committed to ministering to those in need. Through its mission, the organization provides essential resources such as food, clothing, and furniture to those who are struggling. During the Covid-19 pandemic, The Grace Place stepped up its efforts, serving around 400 clients with increased activity and forming partnerships with churches and other food pantries. In addition, the organization reached out to 4 Panola County apartment complexes to provide for the needs of approximately 140 seniors. Overall, The Grace Place Inc continues to work tirelessly to alleviate the hardships faced by those in need.
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Impact
June, 2024
The Grace Place Inc makes a significant impact by ministering to those in need in Batesville, MS. They provide essential resources such as food, clothing, and furniture to approximately 400 clients, particularly focusing on seniors in Panola County. Amid the challenges of Covid-19, their services have proven indispensable, with increased activity and partnerships with churches and food pantries. This organization stands out for its dedication to addressing the basic needs of vulnerable individuals, making a tangible difference in their lives.
This information is meant to be a general summary of The Grace Place Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $149
- Gross Receipts: $263,709
Assets and Liabilities:
- Total Assets: $322,649
- Total Liabilities: $2,705
- Net Assets: $319,944
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Organization Details
Founding Year
2018
Phone
(662) 561-5965Principal Officer
Bob Wadsworth
Main Address
PO BOX 1259, BATESVILLE, MS, 38606
NTEE Category
Code: F20 - Mental health
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