Valley of Grace

Analysis

Valley of Grace is a registered charity in United States, based in Kokomo, IN. 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, Valley of Grace reported income of $633k and spending of $411k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $322k to $633k (+97%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Valley of Grace sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Christian Life Resources Inc ($633k), Your Christian Companion Network Inc ($633k) and Justfaith Ministries Inc ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $116k (28% of expenses). Other salaries and wages came to $40k. At year end it held assets of $1.3m against liabilities of $397k, net assets of $866k. It reported 3 employees.