Gifts And Grace Inc
Gifts And Grace Inc consistently operates at a deficit while maintaining over $1.6 million in assets and reporting no officer compensation.
EIN: 203195749 · Trussville, AL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $666K |
| Total Expenses | $84K |
| Program Spending | 80% |
| Net Assets | $1.7M |
| Transparency Score | 70/100 |
Is Gifts And Grace Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gifts And Grace Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gifts And Grace Inc
Gifts And Grace Inc (EIN: 203195749) is a nonprofit organization based in Trussville, AL, classified under NTEE code T22. The organization reported total revenue of $666K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gifts And Grace Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gifts And Grace Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $84K |
| Surplus / Deficit | $-15,309 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -22.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 235.8 months |
Financial Health Grade: B
In 2023, Gifts And Grace Inc reported a deficit of $15K with expenses exceeding revenue, holds 235.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gifts And Grace Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +615.1% | -25.6% | -0.9% |
| 2022 | -94.9% | +138.1% | -6.0% |
| 2021 | +146.6% | -59.1% | +8.7% |
| 2020 | +6.4% | +7.5% | -2.1% |
| 2019 | -4.9% | -21.5% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Gifts And Grace Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gifts And Grace Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that compensation falls below reporting thresholds, which is positive for minimizing administrative overhead.
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 Gifts And Grace Inc's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., 2023: $84,092 expenses vs. $68,783 revenue; 2022: $113,044 expenses vs. $9,619 revenue).
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Gifts And Grace Inc:
- Maintains substantial assets (over $1.6 million) providing financial stability despite operational deficits.
- Reports 0% officer compensation across all filings, indicating a volunteer-driven or highly efficient administrative structure.
- Minimal liabilities reported across all periods, suggesting strong financial management of debt.
Frequently Asked Questions about Gifts And Grace Inc
Is Gifts And Grace Inc a legitimate charity?
Gifts And Grace Inc (EIN: 203195749) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $666K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gifts And Grace Inc spend its money?
Gifts And Grace Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gifts And Grace Inc tax-deductible?
Gifts And Grace Inc is registered as a tax-exempt nonprofit (EIN: 203195749). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gifts And Grace Inc's spending goes to programs?
Gifts And Grace Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gifts And Grace Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Gifts And Grace Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gifts And Grace Inc located?
Gifts And Grace Inc is headquartered in Trussville, Alabama and files with the IRS under EIN 203195749. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gifts And Grace Inc have?
Gifts And Grace Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $666K in total revenue.
How does Gifts And Grace Inc fund its operational deficits year after year?
The organization consistently reports expenses exceeding revenue, such as $84,092 in expenses vs. $68,783 in revenue in 2023. This suggests it may be drawing from its substantial asset base (over $1.6 million) or relying on non-operating income not detailed in the provided revenue figures to cover costs.
What is the specific purpose and utilization of the organization's significant assets?
With assets consistently above $1.6 million and minimal liabilities, understanding how these assets are invested or used to further the mission, especially given the operational deficits, is crucial for assessing long-term financial health and impact.
What are the primary program activities supported by Gifts And Grace Inc?
Given the NTEE code T22 (Religious Activities), understanding the specific programs and services provided would help evaluate the effectiveness of its spending, particularly in light of the consistent operational losses.
Filing History
IRS 990 filing history for Gifts And Grace Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gifts And Grace Inc's revenue has declined by 56.8%, moving from $159K to $69K. Total assets decreased by 3.1% over the same period, from $1.7M to $1.7M. Total functional expenses fell by 13.8%, from $98K to $84K. In its most recent filing year (2023), Gifts And Grace Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $84K | $1.7M | $1 | — | — |
| 2022 | $10K | $113K | $1.7M | $1 | — | View 990 |
| 2021 | $190K | $47K | $1.8M | $1 | — | View 990 |
| 2020 | $77K | $116K | $1.6M | $1 | — | — |
| 2019 | $72K | $108K | $1.7M | $1 | — | View 990 |
| 2015 | $76K | $137K | $1.6M | $0 | — | View 990 |
| 2014 | $59K | $111K | $1.7M | $0 | — | View 990 |
| 2013 | $80K | $75K | $1.7M | $0 | — | View 990 |
| 2012 | $83K | $82K | $1.7M | $0 | — | View 990 |
| 2011 | $159K | $98K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $84K, and assets of $1.7M (revenue +615.1% year-over-year).
- 2022: Revenue of $10K, expenses of $113K, and assets of $1.7M (revenue -94.9% year-over-year).
- 2021: Revenue of $190K, expenses of $47K, and assets of $1.8M (revenue +146.6% year-over-year).
- 2020: Revenue of $77K, expenses of $116K, and assets of $1.6M (revenue +6.4% year-over-year).
- 2019: Revenue of $72K, expenses of $108K, and assets of $1.7M (revenue -4.9% year-over-year).
- 2015: Revenue of $76K, expenses of $137K, and assets of $1.6M (revenue +29.7% year-over-year).
- 2014: Revenue of $59K, expenses of $111K, and assets of $1.7M (revenue -27.2% year-over-year).
- 2013: Revenue of $80K, expenses of $75K, and assets of $1.7M (revenue -3.4% year-over-year).
- 2012: Revenue of $83K, expenses of $82K, and assets of $1.7M (revenue -47.7% year-over-year).
- 2011: Revenue of $159K, expenses of $98K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gifts And Grace Inc:
Data Sources and Methodology
This transparency report for Gifts And Grace 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.