Grace Emmanuel Baptist Church

Analysis

Grace Emmanuel Baptist Church is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in November 1973, 53 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 2023, Grace Emmanuel Baptist Church reported income of $1.5m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Emmanuel Baptist Church sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Henderson Young Mens Christian Association Inc ($1.5m), Schuyler Head Start Inc ($1.5m) and Chicago Womens Health Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (9.4% of expenses). Other salaries and wages came to $182k. At year end it held assets of $3.2m against liabilities of $772k, net assets of $2.5m. It reported 15 employees.