Celebrating Grace Inc

Analysis

Celebrating Grace Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in October 2010, 16 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, Celebrating Grace Inc reported income of $2.1m and spending of $2.5m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.1m (+79%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 337%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Celebrating Grace Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include The Center Consulting Group ($2.0m), Three Springs Ministries Inc ($2.1m) and Asia Partners Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $563k (23% of expenses). Other salaries and wages came to $709k. At year end it held assets of $5.9m against liabilities of $1.4m, net assets of $4.5m. It reported 18 employees.