Mercy and Grace Ministries Inc

Analysis

Mercy and Grace Ministries Inc is a registered charity in United States, based in Jamestown, NC. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Mercy and Grace Ministries Inc reported income of $388k and spending of $363k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $388k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Mercy and Grace Ministries Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include African Dream Academy Foundation Incorporated ($388k), Maranatha Childrens Ministries Inc ($388k) and Lifting Lives ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $54 in professional fundraising fees. At year end it held assets of $65k against liabilities of $0, net assets of $65k.