Gracedrive Ministries Incorporated

Analysis

Gracedrive Ministries Incorporated is a registered charity in United States, based in Bellaire, TX. It received its IRS tax-exemption ruling in August 2017, 9 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, Gracedrive Ministries Incorporated reported income of $70k and spending of $28k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $70k (-7.0%), an average of -7.0% a year. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gracedrive Ministries Incorporated 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 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Believers World Outreach Missions Inc ($70k), Central Mississippi Emmaus Community ($70k) and United Community of Submitters ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $163k against liabilities of $0, net assets of $163k.