Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
Consistent 0% officer compensation across all filings
Significant revenue growth from $113,620 in 202006 to $399,859 in 202306
Strong asset growth from $521,827 in 202206 to $734,771 in 202306
Very low liabilities ($2,294 in 202306) indicating minimal debt
Consistent IRS 990 filing history demonstrating transparency
Spending Breakdown
How Grace Evangelical Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Grace Evangelical Inc
Is Grace Evangelical Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Evangelical Inc (EIN: 10543513) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Grace Evangelical Inc a good charity to donate to?
Grace Evangelical Inc has a Mission Score of 92/100. Revenue: $253K. Assets: $639K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grace Evangelical Inc?
The Employer Identification Number (EIN) for Grace Evangelical Inc is 10543513. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Grace Evangelical Inc spend its money?
Grace Evangelical Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grace Evangelical Inc's tax-exempt status?
You can verify Grace Evangelical Inc's tax-exempt status using EIN 10543513 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Grace Evangelical Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the most recent filing (202306), the organization reported $215,291 in expenses against $399,859 in revenue, indicating a healthy surplus. Over the past several years, the organization has generally maintained a strong financial position, with assets growing from $521,827 in 202206 to $734,771 in 202306, while liabilities remain very low, suggesting good financial management and minimal debt burden. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities.
Spending efficiency appears strong, with a significant portion of expenses directed towards programs. The absence of reported officer compensation across all available filings is a notable positive, indicating that leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which can free up more resources for direct mission work. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the overall expense-to-revenue ratios suggest a lean operational structure.
Overall, Grace Evangelical Inc. appears to be a financially stable and efficiently run organization. Its consistent revenue generation, low liabilities, and lack of reported officer compensation contribute to a positive assessment of its financial health and dedication to its stated purpose. The growth in assets in the latest period further solidifies its financial standing.