Is Three Graces Foundation Inc Legit?

Quick charity verification for Three Graces Foundation Inc (EIN: 200472407)

Verdict: Three Graces Foundation Inc appears trustworthy

75/100Mission Score

$22.8MRevenue

$50.1MAssets

2Red Flags

3Strengths

Red Flags

Consistent deficit spending in recent years (e.g., 2023 expenses $3.56M vs. revenue $3.16M)
Significant fluctuation in annual revenue, making financial planning potentially challenging (e.g., $4.2M in 2014 vs. $773K in 2020)

Strengths

Substantial asset base of $50,097,976, providing financial stability and capacity for future programs.
No reported officer compensation across all filings, indicating strong financial transparency and potentially volunteer leadership.
Significant growth in assets over time, from $3.97M in 2011 to $50.1M currently.

Spending Breakdown

How Three Graces Foundation Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Three Graces Foundation Inc

Is Three Graces Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Three Graces Foundation Inc (EIN: 200472407) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Three Graces Foundation Inc a good charity to donate to?

Three Graces Foundation Inc has a Mission Score of 75/100. Revenue: $22.8M. Assets: $50.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Three Graces Foundation Inc?

The Employer Identification Number (EIN) for Three Graces Foundation Inc is 200472407. 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 Three Graces Foundation Inc spend its money?

Three Graces Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Three Graces Foundation Inc's tax-exempt status?

You can verify Three Graces Foundation Inc's tax-exempt status using EIN 200472407 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

Three Graces Foundation Inc exhibits a mixed financial picture. While the organization has shown significant growth in assets, reaching $50,097,976, its recent financial performance indicates a trend of expenses exceeding revenue. For instance, in 2023, expenses were $3,558,345 against revenues of $3,158,554, and similarly in 2022, expenses were $3,609,413 compared to revenues of $2,894,676. This consistent deficit spending, if not addressed, could impact long-term sustainability despite the substantial asset base.

The organization's transparency appears strong regarding executive compensation, with 0% reported for officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor trust. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is grantmaking, which typically involves lower direct program delivery costs but requires efficient grant management.

Given the available data, the foundation's financial health is supported by its substantial assets, but recent operational deficits warrant closer examination. The lack of reported officer compensation is a notable strength in transparency. To fully assess spending efficiency, more granular expense data would be beneficial, particularly to understand how the significant assets are being utilized to further its mission.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.