Grace Ministries International Inc
- Assets
- $101.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monessen, PA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 80-0243584
Organization Overview
Grace Ministries International Inc is located in Monessen, PA. The organization was established in 2009. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Ministries International Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Grace Ministries International Inc generated $47.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $34.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO AFFECT THE MASSES BY ENCOURAGING AND REVEALING THROUGH EXPERIENCE, THE MOVES OF GOD IN HUMAN AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy L Palmer Employee | 25 | $2,749 | |
Hazel Palmer President | 25 | $350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,982 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,982 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,725 |
| Professional fees and other payments to independent contractors | $1,396 |
| Occupancy, rent, utilities, and maintenance | $2,850 |
| Printing, publications, postage, and shipping | $426 |
| Other expenses | $25,715 |
| Total expenses | $34,112 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,224 |
| Other assets | $0 |
| Total assets | $101,224 |
| Total liabilities | $314 |
| Net assets or fund balances | $100,910 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grace Ministries International Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Fund Lancaster, PA | $1,202,815 | $6,473,127 |
Nextbook Inc New York, NY | $1,137,496 | $6,280,480 |
Pocket Testament League Inc Lititz, PA | $2,734,106 | $3,853,186 |
Commentary Inc New York, NY | $6,537,680 | $2,900,591 |
Swedenborg Foundation Inc West Chester, PA | $21,667,132 | $1,952,977 |
Scepter Publishers Strongsville, OH | $5,732,746 | $2,811,473 |
Paulist Press Inc Mahwah, NJ | $4,505,578 | $989,159 |
Moments With The Book Bedford, PA | $1,455,077 | $1,921,341 |
Presbyterian & Reformed Publishing Co Phillipsburg, NJ | $5,247,235 | $1,819,033 |
Heralds Of Hope Inc Breezewood, PA | $2,281,668 | $2,027,863 |
Chayenu Inc Brooklyn, NY | $453,060 | $1,363,073 |
Catholic Star Herald Camden, NJ | $352,087 | $1,261,448 |