Movements of Grace Inc

Analysis

Movements of Grace Inc is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in May 2022, 4 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, Movements of Grace Inc reported income of $218k and spending of $274k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $193k to $218k (+13%), an average of +13% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Movements of Grace Inc 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 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Shelburne Food Shelf Inc ($218k), I Look Like Love Inc ($218k) and Healing Thine Hearts Ministries ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (36% of expenses). Other salaries and wages came to $12k. At year end it held assets of $79k against liabilities of $1,956, net assets of $77k. It reported 1 employees.