Grifton Mission Ministries Inc

Analysis

Grifton Mission Ministries Inc is a registered charity in United States, based in Grifton, NC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Grifton Mission Ministries Inc reported income of $211k and spending of $241k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $205k to $211k (+2.9%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grifton Mission Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Bil Housing Development Fund Company Inc ($211k), Powell Boulevard Apartments Inc ($211k) and Senior Citizens Housing Development Corporation of Sullivan County Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $390k against liabilities of $7,853, net assets of $382k.