Mission
GRACE LIFECARE IS COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITIES BY PROVIDING EXCELLENT AND COMPASSIONATE CARE.
Public Charity
GRACE LIFECARE INC
GRACE LIFECARE INC is a nonprofit organization categorized as Public Charity based in MORGANTON, NC. Its most recent IRS filing (2025) reports revenue of $14.2M, expenses of $12.4M, total assets of $24.3M. Imperigo tracks 4 reported grant relationships connected to this organization totaling approximately $29K.
EIN: 561722754
MORGANTON, NC
Supportive Housing for Older Adults
NTEE: P75
Latest filing: 2025
Total Revenue$14.2M
Total Expenses$12.4M
Total Assets$24.3M
Grant Records4
Funding Total$29K
Filing Years2020–2025
Where $100 goes at Grace Lifecare Inc
How Grace Lifecare Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$85
Programs
the work itself
$15
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $85 for programs
$85
The organization operates a retirement community consisting of independent living quarters, a health facility, and other amenities for retirement living
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$11,876
GENERAL SUPPORT
$7,470
$8,672
$1,336
Showing up to 5 of 4 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Amy Jackson-Kincaid
BOARD MEMBER
Andrew Brant Md
TREASURER
David Bennett
BOARD MEMBER
Gandhari Loomis Md
PRESIDENT & CEO
Gary Paxson
VICE CHAIRMAN
Jim Rostan
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $14.2M | $12.4M | $24.3M |
| 2024 | $12.1M | $12.7M | $24.1M |
| 2023 | $10.4M | $12.2M | $23.6M |
| 2022 | $5.0M | $6.0M | $23.9M |
| 2020 | $9.8M | $9.8M | $24.4M |
Between 2020 and 2025, reported annual revenue grew from $9.8M to $14.2M (+44%), with total assets most recently reported at $24.3M.
Interactive year-over-year charts and full filing details available with membership.