Graciously Broken Ministries Inc

Analysis

Graciously Broken Ministries Inc is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in February 2016, 10 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, Graciously Broken Ministries Inc reported income of $374k and spending of $260k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $374k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Graciously Broken Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Hillside Agricultural Society Inc ($374k), Atlantic Cultural Connections Inc ($374k) and Freedom Dogs ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (20% of expenses). Other salaries and wages came to $72k. At year end it held assets of $567k against liabilities of $72k, net assets of $495k.