Healing Grace Ministries Inc

Analysis

Healing Grace Ministries Inc is a registered charity in United States, based in Canyon Country, CA. It received its IRS tax-exemption ruling in September 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, Healing Grace Ministries Inc reported income of $1.0m and spending of $665k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $366k to $1.0m (+178%), an average of +67% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Healing Grace Ministries 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 80th percentile within CA. Charities of a similar size with the same main cause include Sikhnet Inc ($1.0m), Blood N Fire Ministry of Alaska ($1.0m) and Adventive Cross Cultural Initiatives ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $114k, net assets of $952k.