Grace Foundation
EIN: 300837869 · Rochester, MN · NTEE: A01
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $223K |
| Net Assets | $259K |
Is Grace Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Foundation
Grace Foundation (EIN: 300837869) is a nonprofit organization based in Rochester, MN, classified under NTEE code A01. The organization reported total revenue of $273K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Foundation is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $235K |
| Total Expenses | $223K |
| Surplus / Deficit | +$11K |
| Total Assets | $847K |
| Total Liabilities | $588K |
| Net Assets | $259K |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 69.4% |
| Months of Reserves | 45.5 months |
Financial Health Grade: A
In 2023, Grace Foundation reported a surplus of $11K with revenue exceeding expenses, holds 45.5 months of operating reserves (strong position), has a debt-to-asset ratio of 69.4% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Grace Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.5% | -38.8% | +27.3% |
| 2022 | +154.6% | +329.4% | +45.7% |
| 2021 | +79.5% | +53.1% | +44.0% |
| 2020 | -34.6% | -30.0% | +33.3% |
| 2019 | -34.2% | -35.4% | +47.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Foundation 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 Foundation 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 $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.4%.
Frequently Asked Questions about Grace Foundation
Is Grace Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Foundation (EIN: 300837869) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grace Foundation spend its money?
Detailed spending breakdown data is not yet available for Grace Foundation. Check back for updated IRS 990 analysis.
Are donations to Grace Foundation tax-deductible?
Grace Foundation is registered as a tax-exempt nonprofit (EIN: 300837869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grace Foundation located?
Grace Foundation is headquartered in Rochester, Minnesota and files with the IRS under EIN 300837869. It is classified under NTEE code A01.
How many years of IRS 990 filings does Grace Foundation have?
Grace Foundation has 8 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 $273K in total revenue.
Filing History
IRS 990 filing history for Grace Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Grace Foundation's revenue has grown by 254%, moving from $66K to $235K. Total assets increased by 816.4% over the same period, from $92K to $847K. Total functional expenses rose by 510.5%, from $37K to $223K. In its most recent filing year (2023), Grace Foundation reported a surplus of $11K, with revenue exceeding expenses. The organization holds $588K in liabilities against $847K in assets (debt-to-asset ratio: 69.4%), resulting in net assets of $259K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $235K | $223K | $847K | $588K | — | View 990 |
| 2022 | $352K | $365K | $665K | $505K | — | View 990 |
| 2021 | $138K | $85K | $456K | $207K | — | View 990 |
| 2020 | $77K | $55K | $317K | $171K | — | View 990 |
| 2019 | $118K | $79K | $238K | $140K | — | View 990 |
| 2018 | $179K | $123K | $162K | $19K | — | View 990 |
| 2017 | $154K | $148K | $113K | $16K | — | View 990 |
| 2016 | $66K | $37K | $92K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $235K, expenses of $223K, and assets of $847K (revenue -33.5% year-over-year).
- 2022: Revenue of $352K, expenses of $365K, and assets of $665K (revenue +154.6% year-over-year).
- 2021: Revenue of $138K, expenses of $85K, and assets of $456K (revenue +79.5% year-over-year).
- 2020: Revenue of $77K, expenses of $55K, and assets of $317K (revenue -34.6% year-over-year).
- 2019: Revenue of $118K, expenses of $79K, and assets of $238K (revenue -34.2% year-over-year).
- 2018: Revenue of $179K, expenses of $123K, and assets of $162K (revenue +16.3% year-over-year).
- 2017: Revenue of $154K, expenses of $148K, and assets of $113K (revenue +132.5% year-over-year).
- 2016: Revenue of $66K, expenses of $37K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Foundation:
Data Sources and Methodology
This transparency report for Grace Foundation 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.