Faith by Grace Ministries Inc

Analysis

Faith by Grace Ministries Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Faith by Grace Ministries Inc reported income of $199k and spending of $184k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $199k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Faith by Grace Ministries Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include C J Jung Center ($199k), Lost Lake Run Inc ($199k) and Alabama Education Programs Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. At year end it held assets of $2,080 against liabilities of $78k, net assets of -$76k.