Unbound Grace Ministries

Analysis

Unbound Grace Ministries is a registered charity in United States, based in Vestavia HLS, AL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Unbound Grace Ministries reported income of $476k and spending of $617k, spending 130% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $350k to $476k (+36%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Unbound Grace Ministries sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Forensic Mental Health Association ($476k), Salt Lake Harm Reduction Project ($476k) and Stamford Ems Inc ($476k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $257k. At year end it held assets of $100k against liabilities of $13k, net assets of $87k. It reported 5 employees.