Grace House Ministries

Analysis

Grace House Ministries is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in May 1994, 32 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 House Ministries reported income of $1.2m and spending of $1.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $1.2m (+139%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace House Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Christian Healing Ministries Inc ($1.2m), Bethany Center for Prayer and Renewal Inc ($1.2m) and Love and Sonshine Ministries ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $478k. At year end it held assets of $1.7m against liabilities of $12k, net assets of $1.7m. It reported 17 employees.