Grace Press Inc

Analysis

Grace Press Inc is a registered charity in United States, based in Ephrata, PA. It received its IRS tax-exemption ruling in April 1997, 29 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 March 2024, Grace Press Inc reported income of $3.4m and spending of $3.7m, spending 110% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.8m to $3.4m (+88%), an average of +13% a year. The sharpest change came in the year to March 2023, when income rose by 189%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Press Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Refuge of Hope Ministries ($3.4m), Mid-Cities Pregnancy Care Inc ($3.4m) and Vapor Sports Ministries ($3.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $86k. At year end it held assets of $3.9m against liabilities of $241k, net assets of $3.6m. It reported 23 employees.