Time of Grace Ministry

Analysis

Time of Grace Ministry is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 2001, 25 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, Time of Grace Ministry reported income of $5.0m and spending of $4.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.0m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Time of Grace Ministry sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WI. Charities of a similar size with the same main cause include First Fruits of Zion Inc ($5.0m), Heart for Africa Inc ($5.0m) and Soulmedic Media Group Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $215k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.8m against liabilities of $1.1m, net assets of $1.7m. It reported 23 employees.