It was named Madonna delle Grazie due to a local shrine (aedicule) dedicated to that iconic image.
The interior has a single nave with keel shaped roof with curved stucco decoration.
In the chapel of Confraternita is a canvas of the Annunciation with two fraternity members by an unknown 18th-century artist.
A plaque at the entry recalls an indulgence given to the confraternity in January 1780 by Pius VI.
In the chapel of St Anne is an altar, likely by Tommaso Scotti, with a wooden statue of the saint (1783), which is held in particular devotion in the Capodimonte neighborhood.