Overview
What is Grace Ministries Of Durham North Carolina?
Grace Ministries of Durham North Carolina is a small, nonprofit organization situated in Durham, North Carolina. With a single employee, their mission is to promote Christianity worldwide. They achieved this by providing financial support to various religious organizations and individuals, contributing to the spread of religious education and other related ministries. The organization, headquartered at 3333 Chapel Hill Blvd, POB 52328, Durham, NC 27717, has made donations to numerous causes in line with their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
Grace Ministries of Durham, North Carolina, has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a high score of 94%, which is particularly notable for having all its evaluation criteria in the Accountability & Finance category. This ranking indicates that the nonprofit practices transparency and sound financial management.
One of the key strengths of Grace Ministries is its governance structure, which includes a fully independent board, comprising 10 members. This independence is crucial for ensuring unbiased oversight and decision-making. Furthermore, the organization has established comprehensive policies, including conflict of interest and whistleblower protections, contributing to its robust operational integrity.
On the financial side, Grace Ministries excels in its program expense ratio, dedicating 97.5% of its resources directly to programs. This demonstrates a strong commitment to its mission and effective use of donor funds. Overall, while the organization showcases exemplary practices in governance and financial management, the data primarily highlights these aspects without detailing the specific programs or community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Ministries Of Durham North Carolina legitimate?
Grace Ministries Of Durham North Carolina is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Ministries Of Durham North Carolina submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,000
For more financial information, click here
What is the mission statement of Grace Ministries Of Durham North Carolina?
Grace Ministries, an organization unspecified in location, is committed to spreading Christianity globally. They achieve this objective by providing support for religious education and various other ministries. The organization's activities involve making donations to numerous organizations and individuals who are engaged in missions aimed at spreading the gospel. In essence, Grace Ministries is dedicated to promoting Christianity worldwide through its financial backing of related educational and ministry initiatives.
What is the revenue of Grace Ministries Of Durham North Carolina?
Grace Ministries Of Durham North Carolina's revenue in 2023 was $192,666.
Who are the executives of Grace Ministries Of Durham North Carolina and what are their salaries?
The average compensation at Grace Ministries Of Durham North Carolina during 2023 was $5,000. There is 1 employee at Grace Ministries Of Durham North Carolina.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grace Ministries Of Durham North Carolina?
Grace Ministries Of Durham North Carolina's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Grace Ministries Of Durham North Carolina
Grace Ministries, an organization with a global outreach, is dedicated to advancing Christianity among humanity. They achieve this mission by providing support to various religious education initiatives and other ministries worldwide. Through their donations, they contribute to numerous organizations and individuals, all working towards spreading the gospel. The primary focus of Grace Ministries is to promote the teachings and values of Christianity, reaching out to people across the globe.
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Impact
October, 2024
Grace Ministries of Durham, North Carolina, has a profound impact on promoting Christianity globally through its dedicated efforts in religious education and support for various ministries. By providing donations to multiple organizations and individuals, it plays a crucial role in furthering missions aimed at spreading the Gospel. This outreach not only fosters spiritual growth within communities but also strengthens the network of faith-based initiatives, making a significant contribution to the overall landscape of religious education and ministry work. Through its mission, Grace Ministries actively works to uplift and support both local and international efforts that align with its vision of promoting Christianity worldwide.
This information is meant to be a general summary of Grace Ministries Of Durham North Carolina. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $38,000
- Gross Receipts: $449,821
Assets and Liabilities:
- Total Assets: $2,206,828
- Total Liabilities: $113,393
- Net Assets: $2,093,435
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Organization Details
Founding Year
2000
Principal Officer
Charlene Hamlett
NTEE Category
Code: X20 - Religion related
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