Grace Counseling Ministries Inc

Analysis

Grace Counseling Ministries Inc is a registered charity in United States, based in Pequannock, NJ. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Counseling Ministries Inc reported income of $188k and spending of $173k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $188k (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Counseling Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Open Door Worship Center Inc ($188k), Beauty for Ashes Ministries Inc ($188k) and Tzofnas Yosher Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $120k (69% of expenses). Other salaries and wages came to $4,140. At year end it held assets of $63k against liabilities of $0, net assets of $63k. It reported 5 employees.