Grace Center Foundation Inc
Grace Center Foundation Inc shows consistent growth and no reported officer compensation over a decade.
EIN: 204510552 · Naples, FL · NTEE: Q30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $521K |
| Transparency Score | 92/100 |
Is Grace Center Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace Center Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace Center Foundation Inc
Grace Center Foundation Inc (EIN: 204510552) is a nonprofit organization based in Naples, FL, classified under NTEE code Q30. The organization reported total revenue of $2.0M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Center Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$7K |
| Total Assets | $525K |
| Total Liabilities | $3K |
| Net Assets | $521K |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2022, Grace Center Foundation Inc reported a surplus of $7K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Grace Center Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +9.0% | +49.7% | +1.6% |
| 2021 | +13.9% | -1.7% | +64.2% |
| 2020 | +54.5% | +43.8% | +137.4% |
| 2019 | +21.9% | +5.7% | +79.5% |
| 2018 | +9.0% | +27.7% | -20.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Grace Center Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Grace Center Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and revenue, suggesting either a fully volunteer-led executive team or compensation being reported under other expense categories, warranting further investigation.
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 Grace Center Foundation Inc's IRS 990 filings:
- No reported officer compensation, which is unusual for an organization of this scale and could indicate a lack of transparency in reporting executive benefits or a reliance on unpaid leadership that may not be sustainable long-term.
Strengths
The following positive indicators were identified for Grace Center Foundation Inc:
- Consistent revenue growth from $269,587 in 2013 to $1,077,255 in 2022, demonstrating increasing support and capacity.
- Strong asset growth from $10,474 in 2013 to $524,831 in 2022, indicating improved financial stability.
- High program spending efficiency, as expenses consistently align closely with revenue, suggesting funds are quickly deployed to mission-related activities.
- No reported officer compensation across all filings, potentially maximizing funds for direct program use.
Frequently Asked Questions about Grace Center Foundation Inc
Is Grace Center Foundation Inc a legitimate charity?
Grace Center Foundation Inc (EIN: 204510552) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Grace Center Foundation Inc spend its money?
Grace Center Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Grace Center Foundation Inc tax-deductible?
Grace Center Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204510552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grace Center Foundation Inc's spending goes to programs?
Grace Center Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grace Center Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Grace Center Foundation Inc is above average for NTEE category Q30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace Center Foundation Inc located?
Grace Center Foundation Inc is headquartered in Naples, Florida and files with the IRS under EIN 204510552. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Grace Center Foundation Inc have?
Grace Center Foundation Inc has 12 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 $2.0M in total revenue.
How does Grace Center Foundation Inc manage to operate without any reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation, which could indicate a fully volunteer executive leadership or that compensation is categorized differently within other expense lines. This practice, while potentially maximizing program spending, warrants clarification for full transparency.
What is the primary driver of the significant increase in assets from $10,474 in 2013 to $524,831 in 2022?
The consistent growth in assets suggests effective financial management and potentially successful fundraising efforts, allowing the organization to build its financial reserves and capacity over time.
Given the NTEE code Q30 (International, Foreign Affairs & National Security), what specific programs does Grace Center Foundation Inc fund with its revenue?
While the NTEE code indicates an international focus, the filings do not detail specific program expenditures. Further inquiry into their program activities would clarify how their substantial revenue is applied to their mission.
Filing History
IRS 990 filing history for Grace Center Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Grace Center Foundation Inc's revenue has grown by 352.8%, moving from $238K to $1.1M. Total assets increased by 2210.8% over the same period, from $23K to $525K. Total functional expenses rose by 346.5%, from $240K to $1.1M. In its most recent filing year (2022), Grace Center Foundation Inc reported a surplus of $7K, with revenue exceeding expenses. The organization holds $3K in liabilities against $525K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $521K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.1M | $1.1M | $525K | $3K | — | View 990 |
| 2021 | $988K | $715K | $517K | $2K | — | View 990 |
| 2020 | $867K | $728K | $315K | $-1,014 | — | View 990 |
| 2019 | $561K | $506K | $133K | $4K | — | View 990 |
| 2018 | $460K | $479K | $74K | $56 | — | View 990 |
| 2017 | $422K | $375K | $93K | $0 | — | View 990 |
| 2016 | $357K | $338K | $46K | $56 | — | View 990 |
| 2015 | $296K | $277K | $29K | $2K | — | View 990 |
| 2014 | $329K | $331K | $9K | $0 | — | View 990 |
| 2013 | $270K | $305K | $10K | $0 | — | View 990 |
| 2012 | $287K | $264K | $46K | $0 | — | View 990 |
| 2011 | $238K | $240K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $525K (revenue +9.0% year-over-year).
- 2021: Revenue of $988K, expenses of $715K, and assets of $517K (revenue +13.9% year-over-year).
- 2020: Revenue of $867K, expenses of $728K, and assets of $315K (revenue +54.5% year-over-year).
- 2019: Revenue of $561K, expenses of $506K, and assets of $133K (revenue +21.9% year-over-year).
- 2018: Revenue of $460K, expenses of $479K, and assets of $74K (revenue +9.0% year-over-year).
- 2017: Revenue of $422K, expenses of $375K, and assets of $93K (revenue +18.3% year-over-year).
- 2016: Revenue of $357K, expenses of $338K, and assets of $46K (revenue +20.7% year-over-year).
- 2015: Revenue of $296K, expenses of $277K, and assets of $29K (revenue -10.2% year-over-year).
- 2014: Revenue of $329K, expenses of $331K, and assets of $9K (revenue +22.0% year-over-year).
- 2013: Revenue of $270K, expenses of $305K, and assets of $10K (revenue -6.0% year-over-year).
- 2012: Revenue of $287K, expenses of $264K, and assets of $46K (revenue +20.5% year-over-year).
- 2011: Revenue of $238K, expenses of $240K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Center Foundation Inc:
Data Sources and Methodology
This transparency report for Grace Center Foundation 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.