Grace Place Ministry Inc

Analysis

Grace Place Ministry Inc is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Place Ministry Inc reported income of $2.2m and spending of $865k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $745k to $2.2m (+198%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grace Place Ministry Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Techequity Collaborative ($2.2m), Housing Families First ($2.2m) and Icl Joselow House Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). Other salaries and wages came to $262k. At year end it held assets of $5.3m against liabilities of $1.4m, net assets of $3.9m. It reported 9 employees.