Grace Lake Ministries Inc

Analysis

Grace Lake Ministries Inc is a registered charity in United States, based in Anna, TX. It received its IRS tax-exemption ruling in January 2013, 13 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 Lake Ministries Inc reported income of $94k and spending of $114k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $94k (-5.0%), an average of -5.0% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Lake 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 37th percentile within TX. Charities of a similar size with the same main cause include Jacobs Well ($94k), East Coweta Cheerleader Booster Club ($94k) and Outreach Farm Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.