Emerging Grace Ministries

Analysis

Emerging Grace Ministries is a registered charity in United States, based in Cleveland, TX. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Emerging Grace Ministries reported income of $380k and spending of $231k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $226k to $380k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Emerging Grace Ministries sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Yad Mishkan Inc ($380k), Lamplighters International ($380k) and Institute for Biblical Community Development ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $25k (11% of expenses). Other salaries and wages came to $78k. At year end it held assets of $1.1m against liabilities of $643k, net assets of $440k. It reported 4 employees.