Grace on Wings Incorporated

Analysis

Grace on Wings Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2007, 19 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, Grace on Wings Incorporated reported income of $808k and spending of $879k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $972k to $808k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace on Wings Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Gods Blessings Plan Inc ($807k), Trinitarian Bible Society ($808k) and Shirdi Sai Center of Texas Inc ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $115k (13% of expenses). Other salaries and wages came to $73k. At year end it held assets of $311k against liabilities of $274k, net assets of $37k. It reported 3 employees.