Peace and Grace Ministries Inc

Analysis

Peace and Grace Ministries Inc is a registered charity in United States, based in Memphis, IN. It received its IRS tax-exemption ruling in February 2011, 15 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, Peace and Grace Ministries Inc reported income of $330k and spending of $328k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $237k to $330k (+39%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 30%. 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, Peace and Grace Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Young Jin Moon Charitable Foundation ($330k), East-West Center Missions Research & Developement ($330k) and Catholic Charities of Kansas City - St Joseph Legacy Fund ($330k).

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 $65k (20% of expenses). At year end it held assets of $41k against liabilities of $8,135, net assets of $33k.