Grace and Peace Community Ministries

Analysis

Grace and Peace Community Ministries is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 and Peace Community Ministries reported income of $114k and spending of $120k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $114k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grace and Peace Community Ministries sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Community Economics Laboratory ($114k), Roanoke Foundation for Downtown Inc ($114k) and Goodyear Pebblecreek Rotary Foundation ($114k).

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 $29k against liabilities of $0, net assets of $29k.