Grace of Heaven Catholic Ministry

Analysis

Grace of Heaven Catholic Ministry is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in September 2022, 4 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 December 2023, Grace of Heaven Catholic Ministry reported income of $201k and spending of $56k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $201k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 36% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace of Heaven Catholic Ministry sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Islamic Circle of North America - San Francisco Bay Area ($201k), Christian Herald Inc ($201k) and Gospel of John Mission Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 37% of the total. At year end it held assets of $225k against liabilities of $0, net assets of $225k.