Grace & Joy Heritage Foundation is a 501(c)(3) organization based in Milpitas, California, registered in 2016, with $59,051 in FY2023 revenue. CharityIndex grades it F.
Revenue (FY2023)
$59K
▲ 46.4% vs prior year
Religion median: $139K
Expenses (FY2023)
$99K
Net assets
$670K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Grace & Joy Heritage Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Grace & Joy Heritage Foundation: 81 mo reserves · -68% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Grace & Joy Heritage Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Grace & Joy Heritage Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $534K (FY2015) to $59K (FY2023) across 9 reported years.
Financial snapshot
Operating margin
-67.6%
Spent more than it raised in the latest fiscal year.
Total assets
$725K
Total liabilities
$55K
Net assets
$670K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $59,051▲46.4% | $98,952▼42.4% | $670,405▼5.6% | $725,319▼5.4% | 990PF |
| 2022 | $40,342▼75.8% | $171,745▼5.0% | $710,306▼15.6% | $766,702▼14.5% | 990PF |
| 2021 | $167,017▼25.2% | $180,741▲25.3% | $841,709▼1.6% | $896,623▼1.5% | 990PF |
| 2020 | $223,153▲35.4% | $144,211▲72.2% | $855,433▲3.4% | $910,347▲8.6% | 990PF |
| 2019 | $164,822▼4.1% | $83,730▼37.9% | $827,591▲9.4% | $838,550▲10.8% | 990PF |
| 2018 | $171,880▲94.2% | $134,841▲44.4% | $756,503▲5.1% | $756,503▲5.0% | 990PF |
| 2017 | $88,488▼66.0% | $93,393▲368% | $719,464▼0.7% | $720,305▼0.8% | 990PF |
| 2016 | $260,479▼51.3% | $19,963▼60.5% | $724,369▲49.7% | $726,217▲48.3% | 990PF |
| 2015 | $534,388 | $50,535 | $483,853 | $489,567 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Grace & Joy Heritage Foundation (EIN 47-5518505) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.