Sovereign Grace Ministries Inc

Analysis

Sovereign Grace Ministries Inc is a registered charity in United States, based in Alta, CA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 February 2021, Sovereign Grace Ministries Inc reported income of $571k and spending of $34k, leaving 94% of income unspent that year. Across the 3 years on record, from February 2019 to February 2021, income grew from $16k to $571k (+3584%), an average of +507% a year. The sharpest change came in the year to February 2021, when income rose by 1190%. Over the whole period it spent 17% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sovereign Grace Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Greater Austin Christian Foundation ($571k), Restoring the Foundations International Inc ($572k) and Mama Project Inc ($571k).

On its Form 990 for the period ending February 2021, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $1.4m against liabilities of $1,638, net assets of $1.4m.