Grace Renewal Ministries Inc

Analysis

Grace Renewal Ministries Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in November 2004, 22 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 Renewal Ministries Inc reported income of $83k and spending of $76k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $83k (+5.7%), an average of +5.7% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace Renewal Ministries Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Perinatal Research Society ($83k), Golden Valley Historical Society ($83k) and American College of Physicians ($83k).

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 $21k against liabilities of $107, net assets of $21k.