Grace Evangelistic Ministries Inc

Analysis

Grace Evangelistic Ministries Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1998, 28 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 December 2023, Grace Evangelistic Ministries Inc reported income of $584k and spending of $682k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $583k to $584k (+0.2%), an average of +0.0% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Evangelistic 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 74th percentile within TN. Charities of a similar size with the same main cause include Friends of the Toras Chochom Institute Inc ($584k), Twelve Stones Ministries Inc ($584k) and Davids Tent USA Inc ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $140k (21% of expenses). Other salaries and wages came to $86k. At year end it held assets of $152k against liabilities of $80k, net assets of $72k. It reported 3 employees.