Grace Foundation Of New York
Grace Foundation Of New York shows strong financial growth and no reported officer compensation over the past decade.
EIN: 134131863 · Staten Island, NY · NTEE: G84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| Net Assets | $3.0M |
| Transparency Score | 90/100 |
Is Grace Foundation Of New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace Foundation Of New York directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace Foundation Of New York
Grace Foundation Of New York (EIN: 134131863) is a nonprofit organization based in Staten Island, NY, classified under NTEE code G84. The organization reported total revenue of $3.9M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Foundation Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Foundation Of New York is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$367K |
| Total Assets | $3.2M |
| Total Liabilities | $175K |
| Net Assets | $3.0M |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 5.5% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2023, Grace Foundation Of New York reported a surplus of $367K with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grace Foundation Of New York's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.7% | +12.8% | +13.3% |
| 2022 | +43.2% | +34.0% | +11.0% |
| 2021 | +14.3% | -5.8% | +40.0% |
| 2020 | +5.0% | +8.0% | +27.5% |
| 2019 | +24.8% | +19.4% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2000 |
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 Foundation Of New York with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Grace Foundation Of New York allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $367K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.5%.
Executive Compensation Analysis
Grace Foundation Of New York has consistently reported 0% officer compensation across all available IRS 990 filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation structured in a way not reported in this category.
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 Foundation Of New York's IRS 990 filings:
- No reported officer compensation for an organization of this size, which could indicate compensation is structured in a less transparent manner or that leadership is entirely volunteer, which is uncommon for an organization with over $3M in revenue.
Strengths
The following positive indicators were identified for Grace Foundation Of New York:
- Consistent revenue growth from $566,452 in 2014 to $3,103,429 in 2023.
- Healthy asset accumulation, reaching $3,178,780 in 2023, significantly exceeding liabilities.
- Expenses consistently below revenue, indicating sound financial management.
- No reported officer compensation, suggesting a high dedication of funds to mission (assuming leadership is volunteer or compensated through other means).
Frequently Asked Questions about Grace Foundation Of New York
Is Grace Foundation Of New York a legitimate charity?
Grace Foundation Of New York (EIN: 134131863) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Grace Foundation Of New York spend its money?
Grace Foundation Of New York directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grace Foundation Of New York tax-deductible?
Grace Foundation Of New York is registered as a tax-exempt nonprofit (EIN: 134131863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grace Foundation Of New York's spending goes to programs?
Grace Foundation Of New York directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grace Foundation Of New York compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Grace Foundation Of New York is above average for NTEE category G84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace Foundation Of New York located?
Grace Foundation Of New York is headquartered in Staten Island, New York and files with the IRS under EIN 134131863. It is classified under NTEE code G84.
How many years of IRS 990 filings does Grace Foundation Of New York have?
Grace Foundation Of New York 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 $3.9M in total revenue.
Is Grace Foundation Of New York financially stable?
Yes, the organization appears financially stable. Its assets have consistently grown, reaching $3,178,780 in 2023, significantly exceeding its liabilities of $175,130. Revenue has also consistently outpaced expenses, indicating a healthy financial position.
How has Grace Foundation Of New York's revenue changed over time?
Grace Foundation Of New York has experienced substantial revenue growth, increasing from $566,452 in 2014 to $3,103,429 in 2023, demonstrating a strong upward trend in financial support.
Does Grace Foundation Of New York pay its executives?
Based on the provided IRS 990 data, Grace Foundation Of New York has reported 0% officer compensation for all available periods, suggesting that no compensation was paid to officers, directors, trustees, or key employees under this category.
Filing History
IRS 990 filing history for Grace Foundation Of New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grace Foundation Of New York's revenue has grown by 444.7%, moving from $570K to $3.1M. Total assets increased by 524% over the same period, from $509K to $3.2M. Total functional expenses rose by 622.3%, from $379K to $2.7M. In its most recent filing year (2023), Grace Foundation Of New York reported a surplus of $367K, with revenue exceeding expenses. The organization holds $175K in liabilities against $3.2M in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.7M | $3.2M | $175K | — | View 990 |
| 2022 | $3.2M | $2.4M | $2.8M | $216K | — | View 990 |
| 2021 | $2.2M | $1.8M | $2.5M | $692K | — | View 990 |
| 2020 | $2.0M | $1.9M | $1.8M | $409K | — | View 990 |
| 2019 | $1.9M | $1.8M | $1.4M | $67K | — | View 990 |
| 2018 | $1.5M | $1.5M | $1.3M | $83K | — | View 990 |
| 2017 | $1.4M | $1.3M | $1.3M | $74K | — | View 990 |
| 2016 | $1.1M | $939K | $1.3M | $69K | — | View 990 |
| 2015 | $905K | $663K | $1.0M | $38K | — | View 990 |
| 2014 | $566K | $456K | $794K | $26K | — | View 990 |
| 2013 | $520K | $419K | $671K | $14K | — | View 990 |
| 2012 | $480K | $408K | $582K | $26K | — | View 990 |
| 2011 | $570K | $379K | $509K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.7M, and assets of $3.2M (revenue -3.7% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.4M, and assets of $2.8M (revenue +43.2% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.8M, and assets of $2.5M (revenue +14.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.9M, and assets of $1.8M (revenue +5.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $1.4M (revenue +24.8% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $1.3M (revenue +9.8% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $1.3M (revenue +23.5% year-over-year).
- 2016: Revenue of $1.1M, expenses of $939K, and assets of $1.3M (revenue +22.3% year-over-year).
- 2015: Revenue of $905K, expenses of $663K, and assets of $1.0M (revenue +59.8% year-over-year).
- 2014: Revenue of $566K, expenses of $456K, and assets of $794K (revenue +8.9% year-over-year).
- 2013: Revenue of $520K, expenses of $419K, and assets of $671K (revenue +8.4% year-over-year).
- 2012: Revenue of $480K, expenses of $408K, and assets of $582K (revenue -15.8% year-over-year).
- 2011: Revenue of $570K, expenses of $379K, and assets of $509K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Foundation Of New York:
Data Sources and Methodology
This transparency report for Grace Foundation Of New York 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.