Grac-Life Ministries

Analysis

Grac-Life Ministries is a registered charity in United States, based in Semmes, AL. It received its IRS tax-exemption ruling in August 2003, 23 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, Grac-Life Ministries reported income of $57k and spending of $27k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $40k to $57k (+40%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 67% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grac-Life Ministries sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within AL. Charities of a similar size with the same main cause include Foundation for Prayerful Living ($57k), Christianrock Net ($57k) and Words of Life ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.