Tri-Grace Ministries Inc

Analysis

Tri-Grace Ministries Inc is a registered charity in United States, based in Ephraim, UT. It received its IRS tax-exemption ruling in May 2007, 19 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 June 2023, Tri-Grace Ministries Inc reported income of $546k and spending of $562k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $413k to $546k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tri-Grace Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within UT. Charities of a similar size with the same main cause include Mighty Horn Ministries Inc ($546k), Society of American Bosnians and Herzegovinians ($546k) and Reach Network ($545k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $142k (25% of expenses). Other salaries and wages came to $189k. At year end it held assets of $388k against liabilities of $42k, net assets of $346k. It reported 6 employees.