By Grace Alone Ministries Foundation

Analysis

By Grace Alone Ministries Foundation is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in February 2010, 16 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, By Grace Alone Ministries Foundation reported income of $341k and spending of $293k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $219k to $341k (+56%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, By Grace Alone Ministries Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Bible Translation Fellowship ($341k), Common Ground Troy Inc ($341k) and Church Growth Analysis & Learning Center ($341k).

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 $19k (6.5% of expenses). At year end it held assets of $245k against liabilities of $0, net assets of $245k.