Charlie Bing Gracelife Ministries

Analysis

Charlie Bing Gracelife Ministries is a registered charity in United States, based in Burleson, TX. It received its IRS tax-exemption ruling in June 1997, 29 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, Charlie Bing Gracelife Ministries reported income of $361k and spending of $357k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $361k (+22%), an average of +5.0% a year. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charlie Bing Gracelife Ministries sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Foundation for Family Values ($360k), Sports Excellence International ($361k) and Embers International Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $160k (45% of expenses). Other salaries and wages came to $25k. At year end it held assets of $367k against liabilities of $5,122, net assets of $362k. It reported 2 employees.