Grace Korean Church

Analysis

Grace Korean Church is a registered charity in United States, based in Glenmont, MD. It received its IRS tax-exemption ruling in February 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, Grace Korean Church reported income of $168k and spending of $153k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $75k to $168k (+122%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Korean Church 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 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Rough Cut Men Ministries Inc ($168k), 7 Figure Foundation ($168k) and Yeshivas Haturim Corp ($168k).

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 $32k against liabilities of $0, net assets of $32k.