Grace Abounds Rescue Missions Inc

Analysis

Grace Abounds Rescue Missions Inc is a registered charity in United States, based in Elberton, GA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Grace Abounds Rescue Missions Inc reported income of $64k and spending of $76k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $64k (-35%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grace Abounds Rescue Missions Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within GA. Charities of a similar size with the same main cause include Foundation for Senior Services Inc ($64k), Texas Womens League ($64k) and Heritage Health for Women Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.