Recent trend of expenses exceeding revenue (e.g., $345,493 expenses vs. $299,479 revenue in 202403)
Fluctuating revenue streams, making financial planning potentially challenging (e.g., $529,580 in 202203 down to $299,479 in 202403)
Strengths
Consistent reporting of 0% officer compensation, indicating high financial transparency and dedication to mission
Low liabilities relative to assets, suggesting good financial management and solvency
Long history of IRS 990 filings (15 filings), demonstrating consistent compliance and operational stability
Substantial assets ($469,048) relative to annual revenue, providing a financial cushion
Spending Breakdown
How Grace Haven Biblical Renewalministries Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Haven Biblical Renewalministries Inc
Is Grace Haven Biblical Renewalministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Haven Biblical Renewalministries Inc (EIN: 205339412) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Grace Haven Biblical Renewalministries Inc a good charity to donate to?
Grace Haven Biblical Renewalministries Inc has a Mission Score of 85/100. Revenue: $363K. Assets: $469K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grace Haven Biblical Renewalministries Inc?
The Employer Identification Number (EIN) for Grace Haven Biblical Renewalministries Inc is 205339412. 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 Haven Biblical Renewalministries Inc spend its money?
Grace Haven Biblical Renewalministries Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grace Haven Biblical Renewalministries Inc's tax-exempt status?
You can verify Grace Haven Biblical Renewalministries Inc's tax-exempt status using EIN 205339412 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 Haven Biblical Renewalministries Inc demonstrates a consistent operational history with 15 filings, indicating a stable presence. However, recent financial periods show a trend of expenses exceeding revenue. For example, in 202403, expenses were $345,493 against revenues of $299,479, and in 202303, expenses were $320,445 against revenues of $256,992. This suggests the organization is drawing down on its assets or relying on prior surpluses to cover current operations. While the organization's assets have fluctuated, they remain substantial relative to its annual revenue, with $469,048 in assets against $363,127 in latest revenue. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances trust and suggests a volunteer-driven or very lean leadership structure.