Grace Haven Baptist Fellowship Inc

Analysis

Grace Haven Baptist Fellowship Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Haven Baptist Fellowship Inc reported income of $189k and spending of $165k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $330k to $189k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Haven Baptist Fellowship Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Collaboration Project ($189k), Wake Ministries ($189k) and Amazon Vision Ministries Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $100k (61% of expenses). Other salaries and wages came to $4,500. At year end it held assets of $1.7m against liabilities of $4,641, net assets of $1.7m. It reported 3 employees.