Grace Ministries Inc

Analysis

Grace Ministries Inc is a registered charity in United States, based in Vestavia HLS, AL. It received its IRS tax-exemption ruling in June 1997, 29 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 Ministries Inc reported income of $93k and spending of $92k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $131k to $93k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Ministries Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within AL. Charities of a similar size with the same main cause include New Mexico Child First Network ($93k), Collaborative of Ny Inc ($94k) and Grands Stepping Up ($93k).

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 $28k (30% of expenses). At year end it held assets of $2,900 against liabilities of $0, net assets of $2,900.