Grace Evangelical Society Inc

Analysis

Grace Evangelical Society Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in May 1988, 38 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 June 2024, Grace Evangelical Society Inc reported income of $1.2m and spending of $875k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $549k to $1.2m (+123%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Evangelical Society Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Criterion Press Inc ($1.2m), Impact 46 Inc ($1.2m) and Health Ministry Fellows Endowment ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $101k (12% of expenses). Other salaries and wages came to $173k. At year end it held assets of $1.8m against liabilities of $12k, net assets of $1.7m. It reported 7 employees.