Radio by Grace Inc

Analysis

Radio by Grace Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in June 2019, 7 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 June 2023, Radio by Grace Inc reported income of $969k and spending of $1.0m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.4m to $969k (-33%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 47%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Radio by Grace Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Radiant Church Coast ($969k), Serving Workers for the Harvest Inc ($970k) and Messianic Journeys Biblical and Educational Ministries ($969k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 17% of the total. Other salaries and wages came to $190k. At year end it held assets of $12.1m against liabilities of $1.4m, net assets of $10.7m. It reported 6 employees.