Gracepointe Ministries

Analysis

Gracepointe Ministries is a registered charity in United States, based in Woodruff, SC. It received its IRS tax-exemption ruling in July 2009, 17 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, Gracepointe Ministries reported income of $107k and spending of $109k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $107k (+3.1%), an average of +3.1% a year. 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, Gracepointe Ministries sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 44th percentile within SC. Charities of a similar size with the same main cause include Jump Global Network Inc ($107k), Chua Bao Hai ($107k) and Gomsc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.