Mission of Grace Inc

Analysis

Mission of Grace Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in October 2020, 6 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, Mission of Grace Inc reported income of $995k and spending of $1.0m, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $793k to $995k (+25%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mission of Grace Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Spoken Gospel Inc ($995k), Climbing for Christ Inc ($995k) and Jewish Educational Leadership Institute Inc ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $692k against liabilities of $656k, net assets of $36k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.