Grindstone Ministries Inc

Analysis

Grindstone Ministries Inc is a registered charity in United States, based in Spiro, OK. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Grindstone Ministries Inc reported income of $1.2m and spending of $884k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $310k to $1.2m (+283%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 65% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Grindstone Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Central Florida Disaster Medical Coalition Inc ($1.2m), Locke Township Fire Dept ($1.2m) and Drive Smart Virginia Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.4% of the total. Other salaries and wages came to $84k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 2 employees.