Grace Gate Inc

Grace Gate Inc consistently operates with no officer compensation and growing assets, demonstrating strong financial health.

EIN: 203066994 · Demorest, GA · NTEE: E32 · Updated: 2026-03-28

$138KRevenue

$151KAssets

92/100Mission Score (Excellent)

E32

About Grace Gate Inc

Grace Gate Inc (EIN: 203066994) is a nonprofit organization based in Demorest, GA, classified under NTEE code E32. The organization reported total revenue of $138K and total assets of $151K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Gate Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Grace Gate Inc demonstrates consistent financial health with a positive net income in most recent years, contributing to a steady growth in assets. For example, in 2023, revenue was $140,454 against expenses of $128,749, leading to an increase in assets to $144,673. The organization's spending efficiency appears strong, with a significant portion of its expenses directed towards program services, as indicated by the high program spending ratio. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership, which enhances donor confidence regarding administrative overhead.

The organization maintains a healthy financial position with no reported liabilities, indicating sound financial management and a low-risk profile. The consistent growth in assets from $26,589 in 2015 to $144,673 in 2023 further underscores its financial stability and ability to build reserves. This financial prudence, combined with a clear focus on program delivery and minimal administrative costs, positions Grace Gate Inc as a financially responsible and transparent nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Grace Gate Inc with a Mission Score of 92 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 Gate Inc 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.

Executive Compensation Analysis

Grace Gate Inc reports 0% officer compensation across all available filings, indicating a volunteer-led organization, which significantly reduces administrative overhead and maximizes funds for programs.

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.

Strengths

The following positive indicators were identified for Grace Gate Inc:

Consistent asset growth (from $26,589 in 2015 to $144,673 in 2023)
Zero reported liabilities across all filings
0% officer compensation reported, indicating volunteer leadership
Positive net income in most recent years (e.g., $140,454 revenue vs $128,749 expenses in 2023)
Strong program spending ratio due to minimal administrative overhead

Frequently Asked Questions about Grace Gate Inc

Is Grace Gate Inc a good charity?

Based on its financial data, Grace Gate Inc appears to be a very good charity. It consistently reports 0% officer compensation, has no liabilities, and has shown consistent asset growth, indicating strong financial management and a high dedication to its mission.

How has Grace Gate Inc's financial health changed over time?

Grace Gate Inc has shown consistent financial growth and stability. Its assets have grown from $26,589 in 2015 to $144,673 in 2023, and it has maintained a positive net income in most recent years, indicating improving financial health.

What is Grace Gate Inc's approach to executive compensation?

Grace Gate Inc reports no officer compensation in any of its available IRS 990 filings, suggesting that its leadership is entirely volunteer-based, which is a strong indicator of efficiency and dedication.

Does Grace Gate Inc have any financial liabilities?

No, Grace Gate Inc has consistently reported $0 in liabilities across all available IRS 990 filings, indicating a very strong and stable financial position.

Filing History

IRS 990 filing history for Grace Gate Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Grace Gate Inc's revenue has grown by 46.6%, moving from $96K to $140K. Total assets increased by 147.2% over the same period, from $59K to $145K. Total functional expenses rose by 47.5%, from $87K to $129K. In its most recent filing year (2023), Grace Gate Inc reported a surplus of $12K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$140K	$129K	$145K	$0	—	—
2022	$155K	$113K	$133K	$0	—	View 990
2021	$116K	$96K	$90K	$0	—	View 990
2020	$97K	$103K	$71K	$0	—	—
2019	$103K	$77K	$77K	$0	—	View 990
2018	$77K	$74K	$51K	$0	—	View 990
2017	$97K	$79K	$49K	$0	—	View 990
2016	$91K	$86K	$31K	$0	—	View 990
2015	$74K	$83K	$27K	$0	—	View 990
2014	$65K	$89K	$36K	$0	—	View 990
2013	$79K	$79K	$60K	$0	—	View 990
2012	$79K	$77K	$60K	$0	—	View 990
2011	$96K	$87K	$59K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $140K, expenses of $129K, and assets of $145K (revenue -9.6% year-over-year).
2022: Revenue of $155K, expenses of $113K, and assets of $133K (revenue +34.4% year-over-year).
2021: Revenue of $116K, expenses of $96K, and assets of $90K (revenue +19.8% year-over-year).
2020: Revenue of $97K, expenses of $103K, and assets of $71K (revenue -6.7% year-over-year).
2019: Revenue of $103K, expenses of $77K, and assets of $77K (revenue +35.0% year-over-year).
2018: Revenue of $77K, expenses of $74K, and assets of $51K (revenue -21.0% year-over-year).
2017: Revenue of $97K, expenses of $79K, and assets of $49K (revenue +6.9% year-over-year).
2016: Revenue of $91K, expenses of $86K, and assets of $31K (revenue +21.9% year-over-year).
2015: Revenue of $74K, expenses of $83K, and assets of $27K (revenue +13.8% year-over-year).
2014: Revenue of $65K, expenses of $89K, and assets of $36K (revenue -16.7% year-over-year).
2013: Revenue of $79K, expenses of $79K, and assets of $60K (revenue -0.3% year-over-year).
2012: Revenue of $79K, expenses of $77K, and assets of $60K (revenue -17.8% year-over-year).
2011: Revenue of $96K, expenses of $87K, and assets of $59K.

Data Sources and Methodology

This transparency report for Grace Gate 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.