Grace Athletic Ministry Enterprises Inc

Analysis

Grace Athletic Ministry Enterprises Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Athletic Ministry Enterprises Inc reported income of $285k and spending of $265k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $179k to $285k (+59%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grace Athletic Ministry Enterprises Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Community Youth Outreach ($285k), Dallastown Cougar Athletics ($285k) and Adaptive Sports Partners of the North Country Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 94% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.