Grace Clinic Of Lubbock
Grace Clinic Of Lubbock consistently spends nearly all revenue, with rapidly growing assets and liabilities.
EIN: 203856995 · Lubbock, TX · NTEE: E22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $50.8M |
| Total Expenses | $42.2M |
| Program Spending | 90% |
| Net Assets | $-40,757,905 |
| Transparency Score | 85/100 |
Is Grace Clinic Of Lubbock Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace Clinic Of Lubbock directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace Clinic Of Lubbock
Grace Clinic Of Lubbock (EIN: 203856995) is a nonprofit organization based in Lubbock, TX, classified under NTEE code E22. The organization reported total revenue of $50.8M and total assets of $54.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Clinic Of Lubbock's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Clinic Of Lubbock is a major nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42.2M |
| Total Expenses | $42.2M |
| Surplus / Deficit | +$660 |
| Total Assets | $36.3M |
| Total Liabilities | $77.1M |
| Net Assets | $-40,757,905 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 212.2% |
| Months of Reserves | 10.3 months |
Financial Health Grade: B
In 2023, Grace Clinic Of Lubbock reported a surplus of $660 with revenue exceeding expenses, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 212.2% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Grace Clinic Of Lubbock's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.7% | -0.7% | +109.4% |
| 2022 | +1.1% | +1.0% | +138.3% |
| 2021 | -2.3% | -2.3% | +43.4% |
| 2020 | -5.6% | -5.6% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Clinic Of Lubbock with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Grace Clinic Of Lubbock allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $660, with revenue exceeding expenses.
- Debt-to-asset ratio: 212.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, suggesting either a volunteer-led executive team or that executive compensation is not categorized as 'officer compensation' in their 990 filings, which is a notable point for transparency.
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 Clinic Of Lubbock's IRS 990 filings:
- Rapidly increasing liabilities relative to assets, from $23,413,740 in 2019 to $77,070,627 in 2023, which could indicate significant debt burden or other financial obligations.
- Consistently narrow operating margins, with expenses almost matching revenue, which leaves little buffer for unexpected costs or future investments without incurring more debt.
Strengths
The following positive indicators were identified for Grace Clinic Of Lubbock:
- Highly efficient spending, with expenses consistently very close to revenue, indicating effective resource utilization.
- Significant asset growth, from $5,218,150 in 2019 to $36,312,722 in 2023, suggesting successful capital accumulation or investment.
- Consistent reporting of 0% officer compensation, which, if accurate, demonstrates a commitment to minimizing administrative overhead at the executive level.
Frequently Asked Questions about Grace Clinic Of Lubbock
Is Grace Clinic Of Lubbock a legitimate charity?
Grace Clinic Of Lubbock (EIN: 203856995) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. Total revenue: $50.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Grace Clinic Of Lubbock spend its money?
Grace Clinic Of Lubbock directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grace Clinic Of Lubbock tax-deductible?
Grace Clinic Of Lubbock is registered as a tax-exempt nonprofit (EIN: 203856995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grace Clinic Of Lubbock's spending goes to programs?
Grace Clinic Of Lubbock directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grace Clinic Of Lubbock compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Grace Clinic Of Lubbock is above average for NTEE category E22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace Clinic Of Lubbock located?
Grace Clinic Of Lubbock is headquartered in Lubbock, Texas and files with the IRS under EIN 203856995. It is classified under NTEE code E22.
How many years of IRS 990 filings does Grace Clinic Of Lubbock have?
Grace Clinic Of Lubbock has 5 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 $50.8M in total revenue.
What is the nature of Grace Clinic Of Lubbock's rapidly increasing liabilities, which grew from $23,413,740 in 2019 to $77,070,627 in 2023?
The significant increase in liabilities suggests potential capital investments, long-term debt, or other financial obligations that need to be understood to assess the organization's financial risk and sustainability.
How does Grace Clinic Of Lubbock manage to operate with such consistently narrow operating margins, often spending almost exactly its revenue?
This pattern indicates either extremely precise budgeting and expense management or a funding model where expenses are directly tied to incoming revenue, potentially through grants or specific program funding.
Given the 0% officer compensation reported, how are the organization's leadership roles compensated, if at all?
This could imply a volunteer executive leadership, or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990, which would require further detail for full transparency.
Filing History
IRS 990 filing history for Grace Clinic Of Lubbock showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Grace Clinic Of Lubbock's revenue has declined by 7.5%, moving from $45.7M to $42.2M. Total assets increased by 595.9% over the same period, from $5.2M to $36.3M. Total functional expenses fell by 7.5%, from $45.7M to $42.2M. In its most recent filing year (2023), Grace Clinic Of Lubbock reported a surplus of $660, with revenue exceeding expenses. The organization holds $77.1M in liabilities against $36.3M in assets (debt-to-asset ratio: 212.2%), resulting in net assets of $-40,757,905.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42.2M | $42.2M | $36.3M | $77.1M | — | — |
| 2022 | $42.6M | $42.6M | $17.3M | $51.2M | — | View 990 |
| 2021 | $42.1M | $42.1M | $7.3M | $34.3M | — | View 990 |
| 2020 | $43.1M | $43.1M | $5.1M | $26.3M | — | View 990 |
| 2019 | $45.7M | $45.7M | $5.2M | $23.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42.2M, expenses of $42.2M, and assets of $36.3M (revenue -0.7% year-over-year).
- 2022: Revenue of $42.6M, expenses of $42.6M, and assets of $17.3M (revenue +1.1% year-over-year).
- 2021: Revenue of $42.1M, expenses of $42.1M, and assets of $7.3M (revenue -2.3% year-over-year).
- 2020: Revenue of $43.1M, expenses of $43.1M, and assets of $5.1M (revenue -5.6% year-over-year).
- 2019: Revenue of $45.7M, expenses of $45.7M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Clinic Of Lubbock:
Data Sources and Methodology
This transparency report for Grace Clinic Of Lubbock 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.