Tenacious Grace Ministries

Analysis

Tenacious Grace Ministries is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tenacious Grace Ministries reported income of $254k and spending of $245k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $203k to $254k (+25%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tenacious Grace Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within SC. Charities of a similar size with the same main cause include Hollow Rock Camp Meeting Association ($254k), Global Transformation Ministries Inc ($254k) and Iglesia Pentecostal El Tabernaculo de Reunion Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $104k (42% of expenses). Other salaries and wages came to $648. At year end it held assets of $584k against liabilities of $102k, net assets of $483k. It reported 6 employees.