Wings of Grace Christian Ministries

Analysis

Wings of Grace Christian Ministries is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 1986, 40 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wings of Grace Christian Ministries reported income of $141k and spending of $140k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $145k to $141k (-3.1%), an average of -3.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wings of Grace Christian Ministries sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Howland Athletic Club Inc ($141k), Auxiliary of Baptist Hospital Beaumont Inc ($141k) and Wholeness Center ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 74% of the total. At year end it held assets of $34k against liabilities of $1,046, net assets of $33k.