Grace Charity Foundation Inc
Grace Charity Foundation Inc. is a private foundation based in Randolph, New Jersey. The organization has been in operation since 2007 and operates as a 501(c)(3) entity with EIN 20-8080868.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
-10.2% YoY
Annual Giving
$229K
-53.7% YoY
Grant Count
52
-20.0% YoY
Avg Grant Size
$4K
-42.1% YoY
Mission & Focus Areas
The foundation primarily funds religious, charitable, scholarship, religious missionary, and education grants. Primary funding focus areas include:
- Christian nonprofits and churches
- Church repairs
- Arts grants for nonprofits
- Education
- Philanthropy, voluntarism, and grantmaking
- Human services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New Jersey, New York, and Georgia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total assets: $5,127,070
- Total revenues: $38,270
- Total expenses: $718,979
- Investment income and dividends: $162,521
- Number of employees: 0
As of 2024 (most recent filing):
- Total assets: $4,602,159
- Total giving: $229,011
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,602,159 | $5,127,070 | $5,807,523 |
| Revenue | $646,157 | $38,270 | $-373,060 |
| Expenses | $421,682 | $718,979 | $371,244 |
| Qualifying Distributions | $250,236 | $518,823 | $225,563 |
| Net Investment Income | $475,137 | — | — |
| Distributable Amount | $285,968 | $283,153 | $307,390 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
209 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JINSOO KIM | PRESIDENT | 4 | — |
| SEONG KIM | DIRECTOR | 1 | — |
| STEPHEN KIM | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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