A Place for Grace Ministries Inc

Analysis

A Place for Grace Ministries Inc is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, A Place for Grace Ministries Inc reported income of $267k and spending of $263k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $261k to $267k (+2.1%), an average of +1.1% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Place for Grace Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Christian McCaffrey Foundation ($267k), Rahab S Daughters ($267k) and My Joyful Heart NFP ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $49k (19% of expenses). Other salaries and wages came to $171k. At year end it held assets of $173k against liabilities of $22k, net assets of $152k. It reported 7 employees.