Grace Charity Foundation Inc. is a private corporation based in RANDOLPH, NJ. The foundation received its IRS ruling in 2007. The principal officer is % Jinsoo Kim. It holds total assets of $4.6M. Annual income is reported at $5.3M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Grace Charity Foundation Inc. has made 103 grants totaling $710K, with a median grant of $3K. Annual giving has grown from $215K in 2022 to $494K in 2023. Individual grants have ranged from $300 to $57K, with an average award of $7K. The foundation has supported 78 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Virginia, which account for 71% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Grace Charity Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 103 grants. Its grantmaking reaches organizations primarily in NJ, NY, VA.
Grace Charity Foundation Inc. has distributed a total of $710K across 103 grants. The median grant size is $3K, with an average of $7K. Individual grants have ranged from $300 to $57K.
Grace Charity Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Grace Charity Foundation Inc. is headquartered in RANDOLPH, NJ. While based in NJ, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jinsoo Kim | PRESIDENT | $0 | $0 | $0 |
| Seong Kim | DIRECTOR | $0 | $0 | $0 |
| Stephen Kim | DIRECTOR | $0 | $0 | $0 |
Total Giving
$719K
Total Assets
$5.1M
Fair Market Value
$5.9M
Net Worth
$3.6M
Grants Paid
$494K
Contributions
$0
Net Investment Income
$0
Distribution Amount
$283K
Total: $5M
Total Grants
103
Total Giving
$710K
Average Grant
$7K
Median Grant
$3K
Unique Recipients
78
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Waterfall Arts FoundationCHARITABLE | New York, NY | $20K | 2023 |
| KccCHARITABLE | Randolph, NJ | $11K | 2023 |
| Mukilteo Christmas Concert FoundatiCHARITABLE | Mukilteo, WA | $5K | 2023 |
| America Wheat MissionRELIGIOUS MISSIONARY | Teaneck, NJ | $57K | 2023 |
| Praise Presbyterian Church |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Somerset, NJ |
| $50K |
| 2023 |
| Ahl FoundationCHARITABLE | New York, NY | $38K | 2023 |
| Gala Art CenterCHARITABLE | Queens, NY | $25K | 2023 |
| New Jersey Full Gospel ChurchRELIGIOUS | Ridgefield, NJ | $23K | 2023 |
| Kumc Of KoinoniaCHARITABLE | Centreville, VA | $22K | 2023 |
| Sebit Korean SchoolCHARITABLE | Warren, NJ | $20K | 2023 |
| Bts Mission CorpCHARITABLE | Flushing, NY | $20K | 2023 |
| Family TouchRELIGIOUS | Leonia, NJ | $20K | 2023 |
| AwcaCHARITABLE | Teaneck, NJ | $14K | 2023 |
| Kasf NercCHARITABLE | New York, NY | $10K | 2023 |
| Carter Burden NetworkCHARITABLE | New York, NY | $10K | 2023 |
| Morning Star Korean Cultural CenterCHARITABLE | Lynnwood, WA | $10K | 2023 |
| Sebit ChurchRELIGIOUS | Warren, NJ | $8K | 2023 |
| Monmouth Grace UmcCHARITABLE | Eatontown, NJ | $8K | 2023 |
| White Wave Young Soon Kim DncCHARITABLE | Brooklyn, NY | $8K | 2023 |
| Ephatha MissionCHARITABLE | Ridgefield, NJ | $8K | 2023 |
| Calgary Korean Presbyterian ChurchRELIGIOUS | Randolph, NJ | $6K | 2023 |
| FtkafRELIGIOUS | Palisades Park, NJ | $6K | 2023 |
| The Garage Art CenterCHARITABLE | Queens, NY | $5K | 2023 |
| Set Ministry IncRELIGIOUS | Doylestown, PA | $5K | 2023 |
| Queens MuseumCHARITABLE | Queens, NY | $5K | 2023 |
| Operation SmileCHARITABLE | Virginia Beach, VA | $5K | 2023 |
| Mil Al Mission In Ny IncCHARITABLE | Flushing, NY | $5K | 2023 |
| Naks-NecCHARITABLE | Tenafly, NJ | $5K | 2023 |
| Boston Korean Presbyterian ChurchRELIGIOUS | Hopkinton, MA | $4K | 2023 |
| Calgary All Nation Community ChurchRELIGIOUS | Randolph, NJ | $4K | 2023 |
| Nyc KwmwCHARITABLE | Newburgh, NY | $4K | 2023 |
| Wheat Mission In Charlotte IncCHARITABLE | Indian Trail, NC | $4K | 2023 |
| Hope Community Church Of NjRELIGIOUS | Ridgefield, NJ | $3K | 2023 |
| North Georgia Conf Korean UmwCHARITABLE | Randolph, NJ | $3K | 2023 |
| Newark School Of The ArtsSCHOLARSHIP | Newark, NJ | $3K | 2023 |
| KottongnaeCHARITABLE | Temecula, CA | $3K | 2023 |
| Sfk Life CorporationCHARITABLE | Suwanee, GA | $3K | 2023 |
| Vanderbilt University Divinity SchoSCHOLARSHIP | Nashville, TN | $3K | 2023 |
| The Hopeful People New York IncCHARITABLE | College Point, NY | $3K | 2023 |
| KpcowRELIGIOUS | New Rochelle, NY | $3K | 2023 |
| Korean Community CenterCHARITABLE | Tenafly, NJ | $2K | 2023 |
| Yale Presbyterian Church In New YorRELIGIOUS | Hicksville, NY | $2K | 2023 |
| Glory Church Of Jesus ChristRELIGIOUS | Los Angeles, CA | $2K | 2023 |
| NkumwRELIGIOUS | Torrance, CA | $2K | 2023 |
| Korean Central Presbyterian ChurchRELIGIOUS | Centreville, VA | $2K | 2023 |
| GnjkumwCHARITABLE | Randolph, NJ | $2K | 2023 |
| Smyh FoundationCHARITABLE | Franklyn Lakes, NJ | $2K | 2023 |
| Milal Mission (La)CHARITABLE | Santa Fe Springs, CA | $2K | 2023 |
| Global Children FoundationCHARITABLE | San Francisco, CA | $1K | 2023 |
| Lord Jesus Loves Presbyterian ChurcRELIGIOUS | Ridgefield, NJ | $1K | 2023 |
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