Grace House Ministries Incorporated

Analysis

Grace House Ministries Incorporated is a registered charity in United States, based in Fairfield, AL. It received its IRS tax-exemption ruling in May 1990, 36 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 House Ministries Incorporated reported income of $4.7m and spending of $2.5m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $4.7m (+191%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace House Ministries Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Prospects Opportunity and Enrichment Inc ($4.7m), Miravida Living Inc ($4.7m) and Carc-Advocates for Citizens with Disabilities Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $86k (3.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.5m against liabilities of $179k, net assets of $4.4m. It reported 66 employees.