Heavenly Grace Ministries Inc

Analysis

Heavenly Grace Ministries Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in October 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, Heavenly Grace Ministries Inc reported income of $113k and spending of $129k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $113k (-4.1%), an average of -4.1% a year. 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, Heavenly Grace Ministries Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Missionamerica Coalition ($113k), Mahamevnawa Meditation Center of Greater Washington DC ($113k) and Sonlight Childrens Foundation Inc ($113k).

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 $53k against liabilities of $16k, net assets of $37k.