Grace International Churches and Ministries Inc

Analysis

Grace International Churches and Ministries Inc is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Grace International Churches and Ministries Inc reported income of $746k and spending of $687k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $837k to $746k (-11%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace International Churches and Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Bible Impact Ministries ($745k), Society of Black Academic Surgeons Inc ($746k) and Florida Dental Association Foundation Inc ($745k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $229k. At year end it held assets of $2.5m against liabilities of $2.1m, net assets of $362k.