Home of Grace Ministry Inc

Analysis

Home of Grace Ministry Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in September 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, Home of Grace Ministry Inc reported income of $230k and spending of $270k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $230k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Home of Grace Ministry Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within OK. Charities of a similar size with the same main cause include Legacy Outdoor Ministries ($230k), Gurdwara Gurshabad Prakash Corporation ($230k) and Shepherds Light ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.