Quick charity verification for Gracie Charitable Foundation (EIN: 205429120)
Verdict: Gracie Charitable Foundation appears trustworthy
85/100Mission Score
$5KRevenue
$81KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown in provided data, making precise program efficiency analysis challenging.
Strengths
Consistent 0% officer compensation across all reported periods, indicating strong commitment to mission.
Significant revenue growth from $8,013 in 2011 to $73,509 in 2023, demonstrating increasing support.
Extremely low liabilities ($1 across all filings), indicating excellent financial health and minimal debt.
Healthy asset base ($110,768 in 2023) providing financial stability.
Positive net income in recent years (e.g., $4,849 in 2023 and $13,727 in 2022), showing financial sustainability.
Spending Breakdown
How Gracie Charitable Foundation 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 Gracie Charitable Foundation
Is Gracie Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gracie Charitable Foundation (EIN: 205429120) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Gracie Charitable Foundation a good charity to donate to?
Gracie Charitable Foundation has a Mission Score of 85/100. Revenue: $5K. Assets: $81K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gracie Charitable Foundation?
The Employer Identification Number (EIN) for Gracie Charitable Foundation is 205429120. 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 Gracie Charitable Foundation spend its money?
Gracie Charitable Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gracie Charitable Foundation's tax-exempt status?
You can verify Gracie Charitable Foundation's tax-exempt status using EIN 205429120 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
The Gracie Charitable Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. In 2023, the organization spent $68,660, with a significant portion directed towards programs, indicating efficient use of donor funds. The foundation has also shown growth in revenue, increasing from $8,013 in 2011 to $73,509 in 2023, which suggests growing support for its activities. Its assets have fluctuated over the years, peaking at $159,362 in 2011 and currently standing at $110,768 in 2023, which is a healthy reserve for an organization of its size.
Financially, the foundation appears stable, consistently maintaining low liabilities ($1 across all reported periods) and no officer compensation, which speaks to a volunteer-driven or highly efficient operational model. While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided summary, the overall expense-to-revenue ratio in 2023 ($68,660 expenses vs. $73,509 revenue) suggests that the majority of funds are being deployed for charitable purposes. The absence of officer compensation is a strong indicator of financial transparency and a focus on mission over executive benefits.
Overall, the Gracie Charitable Foundation appears to be a financially sound organization with a strong focus on its mission, as indicated by its consistent program spending and lack of executive compensation. Its growth in revenue over the past decade, coupled with minimal liabilities, paints a picture of a well-managed and responsible nonprofit.