Grace to Glory Discipleship Ministries Inc

Analysis

Grace to Glory Discipleship Ministries Inc is a registered charity in United States, based in Simpsonville, SC. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 to Glory Discipleship Ministries Inc reported income of $76k and spending of $84k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $76k (-72%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace to Glory Discipleship Ministries Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Omega Lambda Iota Social Action and Scholarship Foundation Inc ($76k), Pauls Perseverance Intercession Ministries ($77k) and Sacred Heart St Joseph St Vincent de Paul ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (44% of expenses). Other salaries and wages came to $16k. At year end it held assets of $10k against liabilities of $1,721, net assets of $8,358.

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.