Gods Grace Community Church

Analysis

Gods Grace Community Church is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gods Grace Community Church reported income of $2.5m and spending of $924k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.5m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gods Grace Community Church sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Russian Broadcasting Network Inc ($2.5m), Dubose Conference Center ($2.5m) and City on a Hill Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $104k (11% of expenses). Other salaries and wages came to $205k. At year end it held assets of $10.4m against liabilities of $3.1m, net assets of $7.3m. It reported 6 employees.