Grace Manor Ministries

Analysis

Grace Manor Ministries is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in October 1943, 83 years ago. 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, Grace Manor Ministries reported income of $363k and spending of $329k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $363k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Manor Ministries sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Ibac Corporation ($363k), Southern California Kindergarten Conference Inc ($363k) and Porat Yosef Foundation ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 82% of the total. At year end it held assets of $626k against liabilities of $5,576, net assets of $620k.