Priceless Grace Ministries

Analysis

Priceless Grace Ministries is a registered charity in United States, based in Zebulon, NC. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Priceless Grace Ministries reported income of $101k and spending of $114k, spending 113% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $105k to $101k (-3.1%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Priceless Grace Ministries sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Evangelist Carl L Brown Ministries ($101k), Lutheran Hispanic Missionaryinstitute ($101k) and Sapientia Association Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $16k against liabilities of $499, net assets of $15k.