Tri-grace Ministries Inc is a 501(c)(3) organization based in Ephraim, Utah, registered in 2007, with $567,892 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$568K
▲ 4.2% vs prior year
Religion median: $139K
Expenses (FY2024)
$547K
Net assets
$345K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Tri-grace Ministries Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Tri-grace Ministries Inc: 8 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Tri-grace Ministries Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Tri-grace Ministries Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $161K (FY2009) to $568K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
3.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$355K
Total liabilities
$9,582
Net assets
$345K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $567,892▲4.2% | $547,089▼3.9% | $345,381▲6.4% | $354,963▲6.1% | 990 |
| 2023 | $545,125▼0.1% | $569,407▲1.4% | $324,578▼6.3% | $334,449▼13.9% | 990 |
| 2022 | $545,599▲16.8% | $561,716▲37.0% | $346,370▼4.0% | $388,434▲4.1% | 990 |
| 2021 | $467,246▲9.6% | $409,902▲8.0% | $360,914▲17.6% | $373,021▲15.7% | 990 |
| 2020 | $426,422▲25.7% | $379,501▲4.5% | $306,828▲18.1% | $322,428▲4.8% | 990 |
| 2019 | $339,302▲2.5% | $363,140▲9.0% | $259,907▼2.7% | $307,691▲11.6% | 990 |
| 2015 | $331,125▲19.7% | $333,110▲19.1% | $267,254▼0.5% | $275,627▼0.3% | 990 |
| 2014 | $276,667▲10.6% | $279,754▲11.5% | $268,559▼1.1% | $276,480▼1.1% | 990 |
| 2013 | $250,189 | $250,813▲26.3% | $271,646▼0.2% | $279,630▲0.6% | 990 |
| 2012 | — | $198,576▲5.0% | $272,264▲10.9% | $278,038▲11.1% | 990 |
| 2011 | — | $189,119▼4.8% | $245,530▼2.3% | $250,165▼2.1% | 990 |
| 2010 | $178,386▲10.8% | $198,587▼0.1% | $251,211▼7.4% | $255,631▼7.5% | 990EZ |
| 2009 | $161,063 | $198,884 | $271,412 | $276,450 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
9 grants to Tri-grace Ministries Inc totaling $488K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2021 | $24,648 |
| Network For Good Inc | Unrestricted | 2020 | $101,979 |
| Network For Good Inc | Unrestricted | 2019 | $80,126 |
| Network For Good Inc | Unrestricted | 2018 | $88,905 |
| National Christian Charitable Foundation | Evangelism | 2018 | $900 |
| Network For Good Inc | Unrestricted | 2017 | $76,405 |
| Network For Good Inc | Unrestricted | 2016 | $46,951 |
| Network For Good Inc | Unrestricted | 2015 | $41,724 |
| Network For Good Inc | Unrestricted | 2014 | $26,726 |
Explore more
Data for Tri-grace Ministries Inc (EIN 56-2530387) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.