Great Grace Ministries Inc

Analysis

Great Grace Ministries Inc is a registered charity in United States, based in Meridian, ID. 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 December 2023, Great Grace Ministries Inc reported income of $87k and spending of $108k, spending 124% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $88k to $87k (-1.5%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Great Grace Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within ID. Charities of a similar size with the same main cause include 3 Angels Messengers Motorcycle Association ($87k), Amazing Vision Gospel Ministry ($87k) and Sports Outreach Los Angeles ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (49% of expenses). At year end it held assets of $151k against liabilities of $1,913, net assets of $149k. It reported 1 employees.