In Grace Ministries Inc

Analysis

In Grace Ministries Inc is a registered charity in United States, based in Lake Zurich, IL. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, In Grace Ministries Inc reported income of $2.1m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, In Grace Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Work Options for Women ($2.1m), Victory Television Network Inc ($2.1m) and Islamic Center of Southern California ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $652k. At year end it held assets of $316k against liabilities of $67k, net assets of $249k. It reported 18 employees.