Spread of Grace Ministries Incorporated

Analysis

Spread of Grace Ministries Incorporated is a registered charity in United States, based in Wrightsville, PA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Spread of Grace Ministries Incorporated reported income of $290k and spending of $426k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $290k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Spread of Grace Ministries Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include TR Uw Fo Meacham Fbo Presby CH 144-3046900 ($290k), Haiti Hope Alliance ($291k) and Gospel Heritage Foundation Inc ($290k).

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 $117k (27% of expenses). At year end it held assets of $237k against liabilities of $0, net assets of $237k. It reported 1 employees.