Grace Center Of Charleston Inc
EIN: 475211100 · Mt Pleasant, SC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $40K |
| Net Assets | $60K |
Is Grace Center Of Charleston Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Center Of Charleston Inc
Grace Center Of Charleston Inc (EIN: 475211100) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code X20. The organization reported total revenue of $30K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Center Of Charleston Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Center Of Charleston Inc is a micro nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $40K |
| Surplus / Deficit | +$15K |
| Total Assets | $60K |
| Net Assets | $60K |
| Operating Margin | 27.2% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2023, Grace Center Of Charleston Inc reported a surplus of $15K with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Grace Center Of Charleston Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.6% | -20.9% | +33.8% |
| 2022 | -30.7% | +1.9% | -9.4% |
| 2021 | +26.3% | +21.0% | +52.1% |
| 2020 | +13.7% | +7.7% | +56.3% |
| 2019 | +15.7% | -5.6% | +65.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Center Of Charleston Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grace Center Of Charleston Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
Frequently Asked Questions about Grace Center Of Charleston Inc
Is Grace Center Of Charleston Inc a legitimate charity?
Grace Center Of Charleston Inc (EIN: 475211100) is a registered tax-exempt nonprofit based in South Carolina. It has 7 years of IRS 990 filings on record. Total revenue: $30K. No red flags identified. Financial health grade: A.
How does Grace Center Of Charleston Inc spend its money?
Grace Center Of Charleston Inc reported $30K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Grace Center Of Charleston Inc tax-deductible?
Grace Center Of Charleston Inc is registered as a tax-exempt nonprofit (EIN: 475211100). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grace Center Of Charleston Inc located?
Grace Center Of Charleston Inc is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 475211100. It is classified under NTEE code X20.
How many years of IRS 990 filings does Grace Center Of Charleston Inc have?
Grace Center Of Charleston Inc has 7 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 $30K in total revenue.
Filing History
IRS 990 filing history for Grace Center Of Charleston Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Grace Center Of Charleston Inc's revenue has grown by 59.7%, moving from $35K to $56K. Total assets increased by 364.9% over the same period, from $13K to $60K. Total functional expenses rose by 24.2%, from $33K to $40K. In its most recent filing year (2023), Grace Center Of Charleston Inc reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $40K | $60K | $0 | — | View 990 |
| 2022 | $46K | $51K | $45K | $0 | — | — |
| 2021 | $67K | $50K | $49K | $0 | — | — |
| 2020 | $53K | $41K | $32K | $0 | — | — |
| 2019 | $47K | $38K | $21K | $0 | — | View 990 |
| 2018 | $40K | $41K | $13K | $0 | — | View 990 |
| 2017 | $35K | $33K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $40K, and assets of $60K (revenue +19.6% year-over-year).
- 2022: Revenue of $46K, expenses of $51K, and assets of $45K (revenue -30.7% year-over-year).
- 2021: Revenue of $67K, expenses of $50K, and assets of $49K (revenue +26.3% year-over-year).
- 2020: Revenue of $53K, expenses of $41K, and assets of $32K (revenue +13.7% year-over-year).
- 2019: Revenue of $47K, expenses of $38K, and assets of $21K (revenue +15.7% year-over-year).
- 2018: Revenue of $40K, expenses of $41K, and assets of $13K (revenue +16.1% year-over-year).
- 2017: Revenue of $35K, expenses of $33K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Center Of Charleston Inc:
Data Sources and Methodology
This transparency report for Grace Center Of Charleston 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.