Billy Gray Ministries Inc

Analysis

Billy Gray Ministries Inc is a registered charity in United States, based in Miramar Beach, FL. It received its IRS tax-exemption ruling in March 1999, 27 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 March 2024, Billy Gray Ministries Inc reported income of $244k and spending of $123k, leaving 50% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $291k to $244k (-16%), an average of -4.3% a year. The sharpest change came in the year to March 2024, when income rose by 22%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Billy Gray Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Healing for the Nations Inc ($244k), Faber Institute ($244k) and Side by Side ($244k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $55k (45% of expenses). At year end it held assets of $781k against liabilities of $816, net assets of $781k.