Amazing Grace Evangelical International Ministries Inc
Amazing Grace Evangelical International Ministries Inc. consistently operates at a deficit despite revenue growth, with high liabilities.
EIN: 10954243 · Jonesboro, GA · NTEE: P20 · Updated: 2026-03-27
Is Amazing Grace Evangelical International Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amazing Grace Evangelical International Ministries Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Amazing Grace Evangelical International Ministries Inc
Amazing Grace Evangelical International Ministries Inc (EIN: 10954243) is a nonprofit organization based in Jonesboro, GA, classified under NTEE code P20. The organization reported total revenue of $200K and total assets of $351K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amazing Grace Evangelical International Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amazing Grace Evangelical International Ministries Inc is a small nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $233K |
| Surplus / Deficit | $-33,211 |
| Total Assets | $334K |
| Total Liabilities | $287K |
| Net Assets | $46K |
| Operating Margin | -16.6% |
| Debt-to-Asset Ratio | 86.1% |
| Months of Reserves | 17.2 months |
Financial Health Grade: C
In 2023, Amazing Grace Evangelical International Ministries Inc reported a deficit of $33K with expenses exceeding revenue, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 86.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Amazing Grace Evangelical International Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +91.2% | +139.8% | +1.0% |
| 2022 | +34.0% | +9.1% | -9.9% |
| 2021 | +14.1% | +23.0% | +1645.5% |
| 2019 | +59.9% | +66.6% | +91.6% |
| 2018 | -2.5% | -1.0% | -6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Amazing Grace Evangelical International Ministries Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Amazing Grace Evangelical International Ministries Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is a positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Amazing Grace Evangelical International Ministries Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $232,985 expenses vs. $199,774 revenue in 2023)
- High liabilities relative to assets ($287,327 liabilities vs. $333,754 assets in 2023)
- Significant fluctuation in assets and liabilities over recent years
Strengths
The following positive indicators were identified for Amazing Grace Evangelical International Ministries Inc:
- Zero officer compensation reported across all filings
- Significant revenue growth from $36,143 in 2015 to $199,774 in 2023
- Extensive filing history (12 filings) indicating transparency
Frequently Asked Questions about Amazing Grace Evangelical International Ministries Inc
Is Amazing Grace Evangelical International Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Amazing Grace Evangelical International Ministries Inc (EIN: 10954243) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Amazing Grace Evangelical International Ministries Inc spend its money?
Amazing Grace Evangelical International Ministries Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Amazing Grace Evangelical International Ministries Inc tax-deductible?
Amazing Grace Evangelical International Ministries Inc is registered as a tax-exempt nonprofit (EIN: 10954243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Amazing Grace Evangelical International Ministries Inc. financially sustainable?
The organization's consistent operating deficits, such as expenses of $232,985 exceeding revenue of $199,774 in 2023, raise concerns about its long-term financial sustainability without significant changes to its financial model.
What is the organization's plan to address its high liabilities?
With liabilities at $287,327 in 2023 against assets of $333,754, the organization faces a significant financial burden. The filings do not detail specific plans to reduce these liabilities.
How does the organization fund its operations given the recurring deficits?
The recurring deficits suggest the organization may be drawing down on reserves or relying on non-operating income or debt to cover its expenses, though specific funding mechanisms beyond reported revenue are not detailed in the provided data.
Filing History
IRS 990 filing history for Amazing Grace Evangelical International Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Amazing Grace Evangelical International Ministries Inc's revenue has grown by 809%, moving from $22K to $200K. Total assets increased by 16529.5% over the same period, from $2K to $334K. Total functional expenses rose by 1021.7%, from $21K to $233K. In its most recent filing year (2023), Amazing Grace Evangelical International Ministries Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $287K in liabilities against $334K in assets (debt-to-asset ratio: 86.1%), resulting in net assets of $46K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $200K | $233K | $334K | $287K | — | View 990 |
| 2022 | $104K | $97K | $330K | $336K | — | View 990 |
| 2021 | $78K | $89K | $367K | $351K | — | View 990 |
| 2019 | $68K | $72K | $21K | $8K | — | View 990 |
| 2018 | $43K | $43K | $11K | $1K | — | View 990 |
| 2017 | $44K | $44K | $12K | $1K | — | View 990 |
| 2016 | $44K | $46K | $13K | $1K | — | View 990 |
| 2015 | $36K | $36K | $15K | $1K | — | View 990 |
| 2014 | $50K | $45K | $15K | $1K | — | View 990 |
| 2013 | $44K | $36K | $9K | $1K | — | View 990 |
| 2012 | $30K | $31K | $1K | $1K | — | View 990 |
| 2011 | $22K | $21K | $2K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $200K, expenses of $233K, and assets of $334K (revenue +91.2% year-over-year).
- 2022: Revenue of $104K, expenses of $97K, and assets of $330K (revenue +34.0% year-over-year).
- 2021: Revenue of $78K, expenses of $89K, and assets of $367K (revenue +14.1% year-over-year).
- 2019: Revenue of $68K, expenses of $72K, and assets of $21K (revenue +59.9% year-over-year).
- 2018: Revenue of $43K, expenses of $43K, and assets of $11K (revenue -2.5% year-over-year).
- 2017: Revenue of $44K, expenses of $44K, and assets of $12K (revenue +-0.0% year-over-year).
- 2016: Revenue of $44K, expenses of $46K, and assets of $13K (revenue +21.4% year-over-year).
- 2015: Revenue of $36K, expenses of $36K, and assets of $15K (revenue -28.4% year-over-year).
- 2014: Revenue of $50K, expenses of $45K, and assets of $15K (revenue +14.2% year-over-year).
- 2013: Revenue of $44K, expenses of $36K, and assets of $9K (revenue +46.7% year-over-year).
- 2012: Revenue of $30K, expenses of $31K, and assets of $1K (revenue +37.0% year-over-year).
- 2011: Revenue of $22K, expenses of $21K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amazing Grace Evangelical International Ministries Inc:
Data Sources and Methodology
This transparency report for Amazing Grace Evangelical International Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.