Burkburnett Grace Ministries Inc

Analysis

Burkburnett Grace Ministries Inc is a registered charity in United States, based in Burkburnett, TX. It received its IRS tax-exemption ruling in October 2003, 23 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, Burkburnett Grace Ministries Inc reported income of $309k and spending of $243k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $309k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Burkburnett Grace Ministries Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Heart and Seoul Gospel Ministries Inc ($309k), Fredonia Child Care Center Inc ($309k) and Raregivers Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $13k (5.4% of expenses). Other salaries and wages came to $10k. At year end it held assets of $417k against liabilities of $2,101, net assets of $415k. It reported 3 employees.