Gracethrufaithcom Inc

Analysis

Gracethrufaithcom Inc is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in August 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, Gracethrufaithcom Inc reported income of $413k and spending of $415k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $413k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gracethrufaithcom Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within UT. Charities of a similar size with the same main cause include Believers in Christ Tabernacle ($413k), Arimborgo Ministries Inc ($413k) and Friends of Odyssey Impact Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $18k (4.3% of expenses). Other salaries and wages came to $36k. At year end it held assets of $165k against liabilities of $12k, net assets of $153k. It reported 3 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.