Grace for Glory Global Ministries Inc

Analysis

Grace for Glory Global Ministries Inc is a registered charity in United States, based in Saint Johns, FL. It received its IRS tax-exemption ruling in August 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 for Glory Global Ministries Inc reported income of $135k and spending of $153k, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $204k to $135k (-34%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace for Glory Global Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Good Samaritan ($135k), Cambodian Buddhist Temple of Jacksonville Inc ($135k) and Iglesia Cristiana Misionera Supremo Llamamiento Inc ($135k).

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 $207k against liabilities of $1,334, net assets of $205k.