Grace Covenant Child Development Center
EIN: 300185273 · Richmond, VA · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Net Assets | $623K |
Is Grace Covenant Child Development Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Covenant Child Development Center
Grace Covenant Child Development Center (EIN: 300185273) is a nonprofit organization based in Richmond, VA, classified under NTEE code P33. The organization reported total revenue of $1.4M and total assets of $670K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Covenant Child Development Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Covenant Child Development Center is a mid-size nonprofit that has been operating for 7 years, with 15 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-19,867 |
| Total Assets | $635K |
| Total Liabilities | $12K |
| Net Assets | $623K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2024, Grace Covenant Child Development Center reported a deficit of $20K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 15 years of filings (2011–2024), Grace Covenant Child Development Center's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.1% | -1.5% | -6.3% |
| 2023 | +8.3% | +34.7% | -16.7% |
| 2022 | -15.1% | +13.1% | +14.7% |
| 2021 | +42.1% | +13.9% | +86.2% |
| 2020 | -13.9% | -19.4% | +121.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Covenant Child Development Center 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 Covenant Child Development Center 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Grace Covenant Child Development Center
Is Grace Covenant Child Development Center a legitimate charity?
Grace Covenant Child Development Center (EIN: 300185273) is a registered tax-exempt nonprofit based in Virginia. It has 15 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: B.
How does Grace Covenant Child Development Center spend its money?
Grace Covenant Child Development Center reported $1.4M in total revenue in IRS 990 filings. 15 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Grace Covenant Child Development Center tax-deductible?
Grace Covenant Child Development Center is registered as a tax-exempt nonprofit (EIN: 300185273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grace Covenant Child Development Center located?
Grace Covenant Child Development Center is headquartered in Richmond, Virginia and files with the IRS under EIN 300185273. It is classified under NTEE code P33.
How many years of IRS 990 filings does Grace Covenant Child Development Center have?
Grace Covenant Child Development Center has 15 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Grace Covenant Child Development Center showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2011–2024), Grace Covenant Child Development Center's revenue has grown by 77.3%, moving from $734K to $1.3M. Total assets increased by 2839.8% over the same period, from $22K to $635K. Total functional expenses rose by 98.4%, from $666K to $1.3M. In its most recent filing year (2024), Grace Covenant Child Development Center reported a deficit of $20K, with expenses exceeding revenue. The organization holds $12K in liabilities against $635K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $623K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $1.3M | $635K | $12K | — | View 990 |
| 2023 | $1.2M | $1.3M | $678K | $35K | — | View 990 |
| 2022 | $1.1M | $996K | $814K | $11K | — | View 990 |
| 2021 | $1.3M | $881K | $710K | $4K | — | View 990 |
| 2020 | $906K | $774K | $381K | $80K | — | View 990 |
| 2019 | $1.1M | $960K | $172K | $3K | — | View 990 |
| 2018 | $1.0M | $1.0M | $86K | $9K | — | View 990 |
| 2017 | $1.0M | $1.0M | $49K | $25K | — | View 990 |
| 2016 | $919K | $959K | $39K | $34K | — | View 990 |
| 2015 | $265K | $306K | $97K | $47K | — | View 990 |
| 2015 | $818K | $723K | $142K | $50K | — | View 990 |
| 2014 | $630K | $577K | $64K | $68K | — | View 990 |
| 2013 | $501K | $506K | $14K | $87K | — | View 990 |
| 2012 | $539K | $538K | $21K | $87K | — | View 990 |
| 2011 | $734K | $666K | $22K | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $1.3M, and assets of $635K (revenue +10.1% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $678K (revenue +8.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $996K, and assets of $814K (revenue -15.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $881K, and assets of $710K (revenue +42.1% year-over-year).
- 2020: Revenue of $906K, expenses of $774K, and assets of $381K (revenue -13.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $960K, and assets of $172K (revenue +1.4% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $86K (revenue -1.1% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $49K (revenue +14.0% year-over-year).
- 2016: Revenue of $919K, expenses of $959K, and assets of $39K (revenue +247.3% year-over-year).
- 2015: Revenue of $265K, expenses of $306K, and assets of $97K (revenue -67.6% year-over-year).
- 2015: Revenue of $818K, expenses of $723K, and assets of $142K (revenue +29.8% year-over-year).
- 2014: Revenue of $630K, expenses of $577K, and assets of $64K (revenue +25.7% year-over-year).
- 2013: Revenue of $501K, expenses of $506K, and assets of $14K (revenue -7.0% year-over-year).
- 2012: Revenue of $539K, expenses of $538K, and assets of $21K (revenue -26.6% year-over-year).
- 2011: Revenue of $734K, expenses of $666K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Covenant Child Development Center:
Data Sources and Methodology
This transparency report for Grace Covenant Child Development Center 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.