Grace Summit Inc

Analysis

Grace Summit Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in March 2005, 21 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 2022, Grace Summit Inc reported income of $92k and spending of $78k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $109k to $92k (-16%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. 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, Grace Summit Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within GA. Charities of a similar size with the same main cause include Sanatana Dharma Foundation Inc ($92k), Revfresh Inc ($92k) and Kenya Christian Fellowship in America ($92k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $52k (66% of expenses). At year end it held assets of $18k against liabilities of $0, net assets of $18k. It reported 1 employees.