Grace Place Ministries

Analysis

Grace Place Ministries is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Grace Place Ministries reported income of $360k and spending of $321k, spending 89% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $318k to $360k (+13%), an average of +13% a year. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Place 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 64th percentile within SD. Charities of a similar size with the same main cause include Kingdom Come Ministries ($360k), All in Ministries International Incorporated ($360k) and Christ Apostolic Church International Miracle Center Viney ($360k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $83k. At year end it held assets of $135k against liabilities of $6,531, net assets of $129k.