Loving Grace Ministries Inc

Analysis

Loving Grace Ministries Inc is a registered charity in United States, based in Lafayette, NJ. It received its IRS tax-exemption ruling in January 1980, 46 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, Loving Grace Ministries Inc reported income of $1.2m and spending of $967k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $973k to $1.2m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Loving Grace Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Lehrhaus Center for Jewish Life and Learning Inc ($1.2m), Bike Walk KC ($1.2m) and Partner 135 Advance Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $99k (10% of expenses). Other salaries and wages came to $134k. At year end it held assets of $730k against liabilities of $73k, net assets of $656k. It reported 5 employees.