Grace Ministries

Analysis

Grace Ministries is a registered charity in United States, based in Ripley, WV. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 Ministries reported income of $159k and spending of $156k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $214k to $159k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Ministries sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WV. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($159k), A Ministry of the Heart Inc ($159k) and Little League Baseball Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.