Grace & Peace Ministries Inc

Analysis

Grace & Peace Ministries Inc is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Grace & Peace Ministries Inc reported income of $119k and spending of $96k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $124k to $119k (-3.5%), an average of -3.5% a year. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace & Peace Ministries Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Hope for Los Cabos ($119k), Welcomed Inc ($119k) and Assyrian Global Network Corporation ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $310k against liabilities of $140k, net assets of $170k.