Grit Ministries Inc

Analysis

Grit Ministries Inc is a registered charity in United States, based in Celina, TX. It received its IRS tax-exemption ruling in April 2023, 3 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, Grit Ministries Inc reported income of $149k and spending of $215k, spending 144% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $149k (+6.4%), an average of +6.4% a year. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grit Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include A2z Missions ($149k), House of Freedom ($149k) and St Bernard of Clairvaux Conference ($149k).

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 $50k against liabilities of $0, net assets of $50k.