Grace House Inc
Grace House Inc. maintains consistent operations with declining assets and high liabilities, reporting no officer compensation.
EIN: 202023995 · Rockville, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.5M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $2.4M |
| Net Assets | $207K |
| Transparency Score | 65/100 |
Is Grace House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace House Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Grace House Inc
Grace House Inc (EIN: 202023995) is a nonprofit organization based in Rockville, MD. The organization reported total revenue of $2.7M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace House Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-49,759 |
| Total Assets | $3.9M |
| Total Liabilities | $3.7M |
| Net Assets | $207K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 94.7% |
| Months of Reserves | 19.0 months |
Financial Health Grade: C
In 2023, Grace House Inc reported a deficit of $50K with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 94.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grace House Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | -2.8% | -4.7% |
| 2022 | +10.4% | +2.2% | -2.0% |
| 2021 | +3.2% | +9.7% | -12.1% |
| 2020 | +2.1% | +7.6% | +2.6% |
| 2019 | +7.8% | +2.4% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 House Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Grace House Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 94.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size ($2.4M+ annual revenue) and suggests either a fully volunteer executive leadership or that compensation is categorized differently, warranting further investigation for true leadership cost transparency.
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 House Inc's IRS 990 filings:
- Consistent decline in assets over the past decade (from $5M in 2014 to $3.8M in 2023).
- High liabilities relative to assets (e.g., $3,670,881 liabilities vs. $3,878,321 assets in 2023), indicating potential financial strain or significant restricted funds.
- Frequent operation with expenses slightly exceeding revenue (e.g., 2023, 2022, 2021), which can erode reserves over time.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full spending efficiency analysis.
- 0% reported officer compensation for an organization of this size, which, while potentially positive, could also obscure true leadership costs if reported elsewhere.
Strengths
The following positive indicators were identified for Grace House Inc:
- Consistent operational revenue generation, generally above $2 million annually in recent years.
- Long history of IRS 990 filings (13 filings), indicating regulatory compliance and basic transparency.
- Stable revenue base over the past decade, demonstrating consistent support or service delivery.
- No reported officer compensation, which, if truly volunteer-led, would maximize funds for mission-related activities.
Frequently Asked Questions about Grace House Inc
Is Grace House Inc a legitimate charity?
Grace House Inc (EIN: 202023995) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 5 red flags identified. 4 strengths noted. Financial health grade: C.
How does Grace House Inc spend its money?
Grace House Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Grace House Inc tax-deductible?
Grace House Inc is registered as a tax-exempt nonprofit (EIN: 202023995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Grace House Inc CEO make?
Grace House Inc's highest-compensated officer earns $2.4M annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Grace House Inc's spending goes to programs?
Grace House Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Grace House Inc located?
Grace House Inc is headquartered in Rockville, Maryland and files with the IRS under EIN 202023995.
How many years of IRS 990 filings does Grace House Inc have?
Grace House 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 $2.7M in total revenue.
Why are assets consistently declining while liabilities remain high?
Grace House Inc.'s assets have decreased from $5,048,845 in 2014 to $3,878,321 in 2023, while liabilities have consistently been a large proportion, often over 90% of assets. This trend suggests potential asset depreciation, divestment, or a high reliance on debt or restricted funds, which could impact long-term financial stability.
How does Grace House Inc. sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with annual revenues exceeding $2 million. This could indicate a fully volunteer executive team, or that executive compensation is reported under other expense categories (e.g., salaries and wages for non-officers), which would require further detail from the full 990 forms to clarify.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. Without this information, a precise assessment of spending efficiency and the proportion of funds directly supporting the mission is not possible.
Filing History
IRS 990 filing history for Grace House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grace House Inc's revenue has grown by 64.1%, moving from $1.5M to $2.4M. Total assets decreased by 25.8% over the same period, from $5.2M to $3.9M. Total functional expenses rose by 74.2%, from $1.4M to $2.5M. In its most recent filing year (2023), Grace House Inc reported a deficit of $50K, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $3.9M in assets (debt-to-asset ratio: 94.7%), resulting in net assets of $207K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.5M | $3.9M | $3.7M | — | — |
| 2022 | $2.5M | $2.5M | $4.1M | $3.8M | — | View 990 |
| 2021 | $2.2M | $2.5M | $4.1M | $3.8M | — | View 990 |
| 2020 | $2.2M | $2.3M | $4.7M | $4.2M | — | View 990 |
| 2019 | $2.1M | $2.1M | $4.6M | $4.0M | — | View 990 |
| 2018 | $2.0M | $2.0M | $4.7M | $4.1M | — | View 990 |
| 2017 | $1.8M | $1.9M | $4.8M | $4.2M | — | View 990 |
| 2016 | $1.8M | $1.7M | $5.0M | $4.3M | — | View 990 |
| 2015 | $1.8M | $1.7M | $5.0M | $4.4M | — | View 990 |
| 2014 | $1.7M | $1.7M | $5.0M | $4.5M | — | View 990 |
| 2013 | $1.6M | $1.5M | $5.1M | $4.5M | — | View 990 |
| 2012 | $1.6M | $1.5M | $5.2M | $4.6M | — | View 990 |
| 2011 | $1.5M | $1.4M | $5.2M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.5M, and assets of $3.9M (revenue -3.0% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.5M, and assets of $4.1M (revenue +10.4% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.5M, and assets of $4.1M (revenue +3.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $4.7M (revenue +2.1% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $4.6M (revenue +7.8% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $4.7M (revenue +7.4% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $4.8M (revenue +1.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.7M, and assets of $5.0M (revenue +2.7% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $5.0M (revenue +4.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $5.0M (revenue +7.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $5.1M (revenue +0.8% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $5.2M (revenue +6.3% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace House Inc:
Data Sources and Methodology
This transparency report for Grace House 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.