Grace Iris Ministries Inc

Analysis

Grace Iris Ministries Inc is a registered charity in United States, based in Greeneville, TN. It received its IRS tax-exemption ruling in September 2018, 8 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 Iris Ministries Inc reported income of $66k and spending of $90k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $66k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Iris Ministries Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Jong Cheng Buddha Association ($66k), Green Pastures Study Center Inc ($66k) and CPC of Hte WMM USA Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,233 against liabilities of $0, net assets of $7,233.