Gracing Spaces FY2023 filing

Tax-deductible

Burke, VA501(c)(3)ReligionEIN 92-1199950

Until everyone has a home, gracing spaces will furnish houses to turn them into homes to bring hope to the people we serve.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $74K a year · 21% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$250K
Spent
$198K
To programs
99%
Net assets
$51K
By yearFY2023–FY2024
Revenue
$250K
FY2023
Revenue by fiscal year
FY2023$250K
FY2024$443K
Expenses
$198K
FY2023
Expenses by fiscal year
FY2023$198K
FY2024$346K
Net assets
$51K
FY2023
Net assets by fiscal year
FY2023$51K
FY2024$149K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2023.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $196K Management & general 0% · $831 Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gracing Spaces executive salaries →

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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 15aNo

Programs and updates

Furnishes homes to bring hope and stability to those in need.

Provided by the organization

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1 program service account for $196K of program spending, described in the organization's own filed words · FY2023.
01

Provide household goods to formerly homeless individuals to furnish their new homes. 1,019 people were helped and 335 unique orders were filled.

$196Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$250K
Ln 12
Gifts and grantsLn 1h$250K
Money outPt IX
$198K
Ln 25
Programscol B$196K
Managementcol C$831
Fundraisingcol D$2K
Owns and owesPt X
$51K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$51K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$250K
Noncash giftsLn 1g$171K
Total revenueLn 12$250K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Total assetsLn 16$51K
LiabilitiesLn 26$0
Net assetsLn 32$51K
OperationsPt I, VI
EmployeesI 50
VolunteersI 655
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$0$51K
Total assetsLn 16$0$51K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$432$432
OccupancyLn 16$8K$8K
TravelLn 17$10K$10K
InsuranceLn 23$269$269
Other expenses (24a–d)Ln 24$179K$178K$2K
All other expensesLn 24e$130$130
Total functional expensesLn 25$198K$196K$831$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $443K$346K$97K$149K 990 PDF
FY2023 Viewing $250K$198K$51K$51K 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
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $249,799 across 4 lines filed
VIII-1f All other contributions, gifts and grants$249,799
VIII-1g Noncash contributions (included above)$170,923
VIII-1h Total contributions, gifts and grants$249,799
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$249,799
Part IX · Statement of functional expenses $198,468 across 6 lines filed
IX-13 Office expensesManagement $432$432
IX-16 OccupancyPrograms $7,863$7,863
IX-17 TravelPrograms $10,361$10,361
IX-23 InsuranceManagement $269$269
IX-24 Other expenses (24a–d)Programs $177,512 · Fundraising $1,901$179,413
IX-24e All other expensesManagement $130$130
IX-25 Total functional expensesPrograms $195,736 · Management $831 · Fundraising $1,901$198,468
Part X · Balance sheet $51,331 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $0$51,331
X-16 Total assetsStart of year $0$51,331
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$41,328
X-28 Net assets with donor restrictionsStart of year $0$10,003
X-32 Total net assets or fund balancesStart of year $0$51,331
X-33 Total liabilities and net assetsStart of year $0$51,331
Part XI · Reconciliation of net assets $51,331 net assets at year end
XI-1 Total revenue$249,799
XI-2 Total expenses$198,468
XI-3 Revenue less expenses$51,331
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$51,331

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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