Field of Grace Ministries

Analysis

Field of Grace Ministries is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in March 2022, 4 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, Field of Grace Ministries reported income of $123k and spending of $109k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $123k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Field of Grace Ministries sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include International Alexandria Baptist Mission ($123k), SEND Me Ministries of Mobile Alabama Inc ($123k) and Acts 1 8 Ministry Incorporated ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $101k against liabilities of $1,950, net assets of $99k.