Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Supports elderly and handicapped individuals with facilities and services for their physical, social, and psychological well-being.
Questions for Graces Way INC
Your first name shows with your question. Graces Way INC answers here, for everyone.
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To provide facilities & services designed to meet the physical, social and psychological needs for elderly & handicapped individuals.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2K | $5K |
| Land, buildings, equipmentLn 10c | $367K | $352K |
| Total assetsLn 16 | $421K | $416K |
| LiabilitiesLn 26 | $458K | $16K |
| Net assetsLn 32 | −$37K | $400K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $3K | $3K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Advertising and promotionLn 12 | $253 | $253 | ||
| Office expensesLn 13 | $2K | $2K | ||
| Information technologyLn 14 | $863 | $863 | ||
| OccupancyLn 16 | $12K | $12K | ||
| Depreciation, depletion and amortizationLn 22 | $16K | $16K | ||
| InsuranceLn 23 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $16K | $11K | $5K | |
| All other expensesLn 24e | $4K | $4K | ||
| Total functional expensesLn 25 | $58K | $44K | $15K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $51K | $59K | −$7K | $379K | 990 PDF |
| FY2024 | $48K | $62K | −$13K | $387K | 990 PDF |
| FY2023 Viewing | $48K | $58K | −$10K | $400K | 990 PDF |
| FY2022 | $45K | $64K | −$19K | −$37K | 990 PDF |
| FY2021 | $47K | $54K | −$7K | −$18K | 990 PDF |
| FY2020 | $49K | $46K | $3K | −$11K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $48,423 revenue, 12 lines filed
Part VI · Governance 1 of 5 board members independent, no flags
Part VIII · Statement of revenue $48,423 across 4 lines filed
Part IX · Statement of functional expenses $58,392 across 10 lines filed
Part X · Balance sheet $415,947 assets, 11 lines filed
Part XI · Reconciliation of net assets $399,940 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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