Saving Grace Ministries Inc

Analysis

Saving Grace Ministries Inc is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Saving Grace Ministries Inc reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 107% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Saving Grace Ministries Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Casa of Tulare County ($1.6m), Texas Values ($1.6m) and Child and Family Advocacy Program ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $139k (8.1% of expenses). Other salaries and wages came to $844k. At year end it held assets of $3.9m against liabilities of $3.4m, net assets of $471k. It reported 35 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.