Grace Counseling Ministries Inc
Grace Counseling Ministries Inc: Focused on Programs with Transparent Spending
EIN: 223108377 · Pequannock, NJ · NTEE: X20Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $157K |
| Total Expenses | $173K |
| Program Spending | 65% |
| Net Assets | $63K |
| Transparency Score | 85/100 |
Is Grace Counseling Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace Counseling Ministries Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Grace Counseling Ministries Inc
Grace Counseling Ministries Inc (EIN: 223108377) is a nonprofit organization based in Pequannock, NJ, classified under NTEE code X20Z. The organization reported total revenue of $157K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Counseling Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Counseling Ministries Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $173K |
| Surplus / Deficit | +$14K |
| Total Assets | $63K |
| Net Assets | $63K |
| Operating Margin | 7.7% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, Grace Counseling Ministries Inc reported a surplus of $14K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Grace Counseling Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | +0.9% | +29.2% |
| 2022 | -9.0% | -4.0% | +11.5% |
| 2021 | +30.6% | +25.1% | +57.5% |
| 2020 | -1.2% | -0.7% | +25.6% |
| 2019 | +2.6% | -0.6% | +43.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Counseling Ministries Inc 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Grace Counseling Ministries Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation remains stable, with no significant changes over the past five years.
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 Counseling Ministries Inc's IRS 990 filings:
- The organization's spending on fundraising is relatively high, indicating a focus on securing financial support.
Strengths
The following positive indicators were identified for Grace Counseling Ministries Inc:
- The organization maintains a strong focus on its core mission, with over 60% of its budget consistently allocated to programs.
Frequently Asked Questions about Grace Counseling Ministries Inc
Is Grace Counseling Ministries Inc a legitimate charity?
Grace Counseling Ministries Inc (EIN: 223108377) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $157K. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Grace Counseling Ministries Inc spend its money?
Grace Counseling Ministries Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Grace Counseling Ministries Inc tax-deductible?
Grace Counseling Ministries Inc is registered as a tax-exempt nonprofit (EIN: 223108377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grace Counseling Ministries Inc's spending goes to programs?
Grace Counseling Ministries Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Grace Counseling Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Grace Counseling Ministries Inc is above average for NTEE category X20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace Counseling Ministries Inc located?
Grace Counseling Ministries Inc is headquartered in Pequannock, New Jersey and files with the IRS under EIN 223108377. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Grace Counseling Ministries Inc have?
Grace Counseling Ministries Inc has 13 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 $157K in total revenue.
What does Grace Counseling Ministries Inc do?
Grace Counseling Ministries Inc is a nonprofit organization in the Religion-Related sector, located in Pequannock, New Jersey. It is classified under NTEE code X20Z.
How much revenue does Grace Counseling Ministries Inc have?
Grace Counseling Ministries Inc reported total revenue of $157,439. Based on 13 IRS 990 filings on record.
What are Grace Counseling Ministries Inc's total assets?
Grace Counseling Ministries Inc holds total assets of $68,357 as reported in IRS 990 filings.
Where is Grace Counseling Ministries Inc located?
Grace Counseling Ministries Inc is based in Pequannock, New Jersey.
What is Grace Counseling Ministries Inc's EIN?
Grace Counseling Ministries Inc's Employer Identification Number (EIN) is 223108377. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Grace Counseling Ministries Inc?
Grace Counseling Ministries Inc is classified under NTEE code X20Z (Religion-Related).
Is Grace Counseling Ministries Inc a registered 501(c)(3)?
Yes, Grace Counseling Ministries Inc is recognized as a tax-exempt organization by the IRS. EIN: 223108377.
Does Grace Counseling Ministries Inc file IRS Form 990?
Yes, Grace Counseling Ministries Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Grace Counseling Ministries Inc's revenue in 2023?
In the 202312 filing period, Grace Counseling Ministries Inc reported total revenue of $187,792, total expenses of $173,336, and net assets of $63,477.
Is Grace Counseling Ministries Inc's revenue growing or declining?
Grace Counseling Ministries Inc's revenue is growing. Revenue went from $177,056 (202212) to $187,792 (202312), a +6.1% change. Based on 13 filings on record.
What is Grace Counseling Ministries Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Grace Counseling Ministries Inc covers tax period 202312. It shows revenue of $187,792, expenses of $173,336, total assets of $63,477, and liabilities of N/A.
How much does Grace Counseling Ministries Inc spend on programs vs administration?
Based on IRS 990 analysis, Grace Counseling Ministries Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Grace Counseling Ministries Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Grace Counseling Ministries Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Grace Counseling Ministries Inc?
The following concerns were identified: The organization's spending on fundraising is relatively high, indicating a focus on securing financial support.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Grace Counseling Ministries Inc's strengths?
Positive indicators for Grace Counseling Ministries Inc include: The organization maintains a strong focus on its core mission, with over 60% of its budget consistently allocated to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Grace Counseling Ministries Inc compensate executives?
Executive compensation remains stable, with no significant changes over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Grace Counseling Ministries Inc?
Grace Counseling Ministries Inc clearly delineates its spending, with 65% allocated to programs, 15% to administration, and 20% to fundraising. This transparency allows donors to see how their contributions are directly impacting the organization's mission. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Grace Counseling Ministries Inc ensure the transparency of its spending?
Grace Counseling Ministries Inc provides detailed breakdowns of its spending in its annual reports, clearly separating funds allocated to programs, administration, and fundraising.
What is the trend in executive compensation at Grace Counseling Ministries Inc?
Executive compensation at Grace Counseling Ministries Inc has remained stable over the past five years, indicating a focus on mission over personal compensation.
How does Grace Counseling Ministries Inc allocate its budget to support its mission?
Grace Counseling Ministries Inc dedicates a significant portion of its budget to programs, with over 65% of funds allocated to support its mission of providing counseling services.
Filing History
IRS 990 filing history for Grace Counseling Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grace Counseling Ministries Inc's revenue has grown by 28.3%, moving from $146K to $188K. Total assets increased by 515.7% over the same period, from $10K to $63K. Total functional expenses rose by 20.3%, from $144K to $173K. In its most recent filing year (2023), Grace Counseling Ministries Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $173K | $63K | $0 | — | View 990 |
| 2022 | $177K | $172K | $49K | $113 | — | View 990 |
| 2021 | $195K | $179K | $44K | $389 | — | — |
| 2020 | $149K | $143K | $28K | $0 | — | View 990 |
| 2019 | $151K | $144K | $22K | $325 | — | View 990 |
| 2018 | $147K | $145K | $16K | $315 | — | View 990 |
| 2017 | $149K | $151K | $14K | $318 | — | View 990 |
| 2016 | $152K | $156K | $17K | $1K | — | View 990 |
| 2015 | $165K | $161K | $21K | $1K | — | View 990 |
| 2014 | $157K | $154K | $16K | $0 | — | View 990 |
| 2013 | $157K | $156K | $12K | $0 | — | View 990 |
| 2012 | $152K | $150K | $12K | $0 | — | View 990 |
| 2011 | $146K | $144K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $173K, and assets of $63K (revenue +6.1% year-over-year).
- 2022: Revenue of $177K, expenses of $172K, and assets of $49K (revenue -9.0% year-over-year).
- 2021: Revenue of $195K, expenses of $179K, and assets of $44K (revenue +30.6% year-over-year).
- 2020: Revenue of $149K, expenses of $143K, and assets of $28K (revenue -1.2% year-over-year).
- 2019: Revenue of $151K, expenses of $144K, and assets of $22K (revenue +2.6% year-over-year).
- 2018: Revenue of $147K, expenses of $145K, and assets of $16K (revenue -1.1% year-over-year).
- 2017: Revenue of $149K, expenses of $151K, and assets of $14K (revenue -2.5% year-over-year).
- 2016: Revenue of $152K, expenses of $156K, and assets of $17K (revenue -7.4% year-over-year).
- 2015: Revenue of $165K, expenses of $161K, and assets of $21K (revenue +4.6% year-over-year).
- 2014: Revenue of $157K, expenses of $154K, and assets of $16K (revenue +0.3% year-over-year).
- 2013: Revenue of $157K, expenses of $156K, and assets of $12K (revenue +3.5% year-over-year).
- 2012: Revenue of $152K, expenses of $150K, and assets of $12K (revenue +3.5% year-over-year).
- 2011: Revenue of $146K, expenses of $144K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Counseling Ministries Inc:
Data Sources and Methodology
This transparency report for Grace Counseling 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.