Grace Institute Inc

Analysis

Grace Institute Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in July 2014, 12 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, Grace Institute Inc reported income of $586k and spending of $548k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $586k (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Institute Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Gods Not Dead Foundation ($586k), Kairos Church Planting Support ($586k) and Ripa Ladrang Foundation ($586k).

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 $101k (18% of expenses). Other salaries and wages came to $80k. At year end it held assets of $239k against liabilities of $6,743, net assets of $232k. It reported 3 employees.