Grace Charitable Foundation INC FY2021 filing

Tax-deductible

Garden City, NY501(c)(3)Foundations & GrantmakersEIN 74-3116739Revenue $636K in FY2021

On file with the IRS105 Rockaway Ave, 11530-1415 · Garden City, NYTax-exempt since May 2004Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2021 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $70K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$636K
Spent
$496K
Net assets
$11.8M
By yearFY2021–FY2025
Revenue
$636K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$636K
FY2022$1.2M
FY2023$540K
FY2024$708K
FY2025$826K
Expenses
$496K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$496K
FY2022$901K
FY2023$657K
FY2024$498K
FY2025$1000K
Net assets
$11.8M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$11.8M
FY2022$12.1M
FY2023$11.9M
FY2024$12.2M
FY2025$12.0M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 85% · $420K Operating & administrative 15% · $76K

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

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See Grace Charitable Foundation INC executive salaries →

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Programs and updates

A private foundation based in Garden City, NY.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 5 grants · $920K · 2024–2024
Individual RecipientFY2024$555,000
New Venture FundFY2024$250,000
Individual RecipientFY2024$70,000
Bank Street College of EducationFY2024$25,000
United Way of Long IslandFY2024$20,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$184K
Median grantPart XV$70K
Largest grantPart XV$555K

By the numbers

The FY2021 990-PF, line by line.

1The main four
Money in
$636K
Investment income$636K
Money out
$496K
Grants paid$420K
Running costs$76K
Owns and owes
$11.8M
net assets
Cash and savings$146K
Total assets$11.8M
Liabilities$0
2In more detail
Revenue in detail
Investment income$636K
Total revenue$636K
Assets in detailEnd of year
Cash and savings together$146K
Total assets$11.8M
Liabilities$0
Net assets$11.8M
Operations
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $826K$1000K−$174K$12.0M 990 PDF
FY2024 $708K$498K$211K$12.2M 990 PDF
FY2023 $540K$657K−$118K$11.9M 990 PDF
FY2022 $1.2M$901K$293K$12.1M 990 PDF
FY2021 Viewing $636K$496K$140K$11.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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