Charity Search / WELL OF GRACE MINISTRIES INCORPORATED
Human Services (P50) IRS Verified DX Registered 990 on File

WELL OF GRACE MINISTRIES INCORPORATED

EIN: 20-1716641 · STEVENSVILLE, MI 49127-1117 · United States · FY 2024 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 83/100
Reliability (20%) 55/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$204K
Total Revenue
$161K
Total Expenses
$287K
Net Assets
15
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 79.6%
Fundraising Efficiency 0.0%
Operating Reserve 21.45x
Liability-to-Asset 0.5%
Revenue Diversification 70.5%
Executive Compensation $21K
Compared with Peers
FY 2024
Compared with 15,087 similar organizations (United States, Human Services, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
79.6% 86.3%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
20.4% 10.4%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
0.0% 15.8%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
21.5 mo 8.4 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.5% 1.6%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
70.5% 96.4%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-16.7% 7.0%
P10P90
Expense growth
Year over year expense growth
0.2% 8.3%
P10P90
Surplus margin
Surplus as a share of revenue
21.4% 2.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $204K $161K $287K 79.6% 15
2023 $245K $160K $243K 91.3% 11
2022 $165K $144K $159K 100.0% —
2021 $268K $136K N/A — 1
2020 $115K $115K N/A — 1
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Organization Details
EIN
20-1716641
State
MI
City
STEVENSVILLE
ZIP
49127-1117
Classification
P50
Category
Human Services
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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