Grace Bible Church Denton County

Analysis

Grace Bible Church Denton County is a registered charity in United States, based in Sanger, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grace Bible Church Denton County reported income of $319k and spending of $173k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $319k (+171%), an average of +171% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Bible Church Denton County sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Order of St Michael Inc ($318k), Ministerio Conexion Divina Inc ($319k) and Sheryl Brady Ministries Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $111k. At year end it held assets of $187k against liabilities of $0, net assets of $187k. It reported 2 employees.