Grace Extended Ministries Inc

Analysis

Grace Extended Ministries Inc is a registered charity in United States, based in Robbinsville, NC. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Extended Ministries Inc reported income of $310k and spending of $159k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $175k to $310k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Extended Ministries Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Resources for Women Inc ($310k), Wldforce Inc ($310k) and City of Refuge Calhoun Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $34k. At year end it held assets of $220k against liabilities of $6,157, net assets of $214k. It reported 2 employees.