Mercy and Grace Ministries Inc

Analysis

Mercy and Grace Ministries Inc is a registered charity in United States, based in Discovery Bay, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy and Grace Ministries Inc reported income of $165k and spending of $195k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $240k to $165k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mercy and Grace Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Central KS Dream Center Inc ($165k), Hillel the Foundation for Jewish Campus Life ($166k) and Bread of Life Christian Church in Orlando Inc ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $1,405, net assets of $115k.