Grace and Glory Ministries

Analysis

Grace and Glory Ministries is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in March 2008, 18 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 and Glory Ministries reported income of $256k and spending of $307k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $478k to $256k (-47%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace and Glory Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Seattle 2030 District ($255k), Corporate Care of the Sioux Empire ($256k) and Islamic Circle of North America ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $817k against liabilities of $211k, net assets of $606k.