Redeeming Grace Outreach Worship Center

Analysis

Redeeming Grace Outreach Worship Center is a registered charity in United States, based in Brandywine, WV. It received its IRS tax-exemption ruling in May 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 December 2023, Redeeming Grace Outreach Worship Center reported income of $255k and spending of $227k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $550k to $255k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redeeming Grace Outreach Worship Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WV. Charities of a similar size with the same main cause include The Asian Classics Input Project Inc ($255k), Shekinah Glory Ministries Inc ($255k) and All About Him Ministries Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $491k against liabilities of $38k, net assets of $454k.