Truly Grace Inc is a private foundation focused on Human Services, based in MOSS POINT, MS. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $197K in total assets. In 2024, it made $64K in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$197K
-1.3% YoY
Revenue
$75K
-31.2% YoY
Qualifying Distributions
$64K
-13.2% YoY
Expenses
$69K
-11.0% YoY
Under IRS private-foundation payout rules, Truly Grace Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Truly Grace Inc
Based on IRS filings
Truly Grace Inc is a private foundation focused on Human Services, based in MOSS POINT, MS. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $197K in total assets. In 2024, it made $64K in qualifying distributions.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $197,493 | $200,142 | $177,412 |
| Revenue | $74,790 | $108,719 | $69,526 |
| Expenses | $68,644 | $77,135 | $72,791 |
| Qualifying Distributions | $64,085 | $73,843 | $69,500 |
| Net Investment Income | — | — | — |
| Distributable Amount | $11,555 | $10,811 | $10,450 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICK HOOVER | DIRECTOR | — | — |
| CELENA HOOVER | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Truly Grace Inc?
Truly Grace Inc is a private foundation focused on Human Services, based in MOSS POINT, MS. It holds $197K in total assets as of 2024.
How large is Truly Grace Inc?
As of 2024, Truly Grace Inc holds $197K in total assets with $75K in annual revenue.
How much is Truly Grace Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Truly Grace Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Truly Grace Inc's EIN?
Truly Grace Inc's EIN (Employer Identification Number) is 83-1956744. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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