Grace Impact Ministries

Analysis

Grace Impact Ministries is a registered charity in United States, based in Bloomingdale, IL. It received its IRS tax-exemption ruling in November 2000, 26 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, Grace Impact Ministries reported income of $96k and spending of $70k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $96k (+8.3%), an average of +8.3% a year. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Impact Ministries sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include In the Potters Hands ($96k), Society of Saint Vincent de Paul Saint Joseph Conference ($96k) and Iglesia de Dios Misionerapentacostal ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.