Grace Ministries Inc

Analysis

Grace Ministries Inc is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ministries Inc reported income of $370k and spending of $340k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $370k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Aocds Memorial Fund ($370k), Chiron Center Incorporated ($370k) and Foundation for Special Needs Independence ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $106k (31% of expenses). Other salaries and wages came to $141k. At year end it held assets of $135k against liabilities of $5,174, net assets of $130k. It reported 9 employees.