Graceworks Ministries

Analysis

Graceworks Ministries is a registered charity in United States, based in Smithville, MO. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Graceworks Ministries reported income of $69k and spending of $90k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $69k (+47%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 198% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Graceworks Ministries sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within MO. Charities of a similar size with the same main cause include Cleburne Athletics Booster Club Inc ($69k), Start Out Fresh Intervention Advocates ($69k) and His Hands and Feet Ministries Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 195% of the total. At year end it held assets of $87k against liabilities of $323k, net assets of -$235k.