Grace Life Kalamazoo

Analysis

Grace Life Kalamazoo is a registered charity in United States, based in Schoolcraft, MI. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Life Kalamazoo reported income of $64k and spending of $61k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $64k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Life Kalamazoo sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Kingdom Kids Inc ($64k), Sozo Restoration Ministries & Biblical Counseling ($64k) and Federation of Seniors of Chicago Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $1,573, net assets of $9,591.