Grace House Of Itasca County
Grace House Of Itasca County shows consistent financial growth and zero officer compensation over the past decade.
EIN: 141974011 · Grand Rapids, MN · NTEE: P85 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $599K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2,080,073, |
| Net Assets | $954K |
| Transparency Score | 92/100 |
Is Grace House Of Itasca County Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace House Of Itasca County directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace House Of Itasca County
Grace House Of Itasca County (EIN: 141974011) is a nonprofit organization based in Grand Rapids, MN, classified under NTEE code P85. The organization reported total revenue of $2.1M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace House Of Itasca County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace House Of Itasca County is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $617K |
| Total Expenses | $599K |
| Surplus / Deficit | +$18K |
| Total Assets | $954K |
| Net Assets | $954K |
| Operating Margin | 2.8% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Grace House Of Itasca County reported a surplus of $18K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Grace House Of Itasca County's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.0% | +52.7% | +1.9% |
| 2022 | +16.6% | +16.4% | +4.2% |
| 2021 | -5.8% | +3.4% | +13.6% |
| 2020 | +42.1% | +29.5% | +15.7% |
| 2019 | +0.6% | +7.9% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Of Itasca County 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Grace House Of Itasca County 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 $18K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly unusual for an organization of its size, with latest revenue of $2,080,073, and suggests a volunteer-led or extremely lean leadership structure.
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 House Of Itasca County:
- Consistent revenue growth, from $290,791 in 2014 to $616,517 in 2023.
- Steady asset growth, from $450,558 in 2015 to $954,049 in 2023.
- Zero reported officer compensation across all filings, indicating efficient use of funds.
- Minimal to zero liabilities in recent years (e.g., $0 in 2022 and 2023), showing strong financial management.
- Consistent operational surplus, with revenue exceeding expenses in all reported periods.
Frequently Asked Questions about Grace House Of Itasca County
Is Grace House Of Itasca County a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace House Of Itasca County (EIN: 141974011) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Grace House Of Itasca County spend its money?
Grace House Of Itasca County directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grace House Of Itasca County tax-deductible?
Grace House Of Itasca County is registered as a tax-exempt nonprofit (EIN: 141974011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Grace House Of Itasca County CEO make?
Grace House Of Itasca County's highest-compensated officer earns $2,080,073, annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Grace House Of Itasca County's spending goes to programs?
Grace House Of Itasca County directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grace House Of Itasca County compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Grace House Of Itasca County is above average for NTEE category P85 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace House Of Itasca County located?
Grace House Of Itasca County is headquartered in Grand Rapids, Minnesota and files with the IRS under EIN 141974011. It is classified under NTEE code P85.
How many years of IRS 990 filings does Grace House Of Itasca County have?
Grace House Of Itasca County 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 $2.1M in total revenue.
Is Grace House Of Itasca County a good charity?
Based on the provided financial data, Grace House Of Itasca County appears to be a very good charity. It demonstrates consistent financial growth, operates with a surplus, maintains minimal to zero liabilities, and reports no officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has consistently improved over time. Revenue has grown from $290,791 in 2014 to $616,517 in 2023, and assets have more than doubled from $451,015 in 2014 to $954,049 in 2023, all while maintaining very low or zero liabilities.
What is the organization's approach to executive compensation?
Grace House Of Itasca County reports 0% officer compensation in all available filings, suggesting that its leadership operates on a volunteer basis or that compensation is covered through other means not reported as officer compensation on the 990s. This indicates a highly cost-efficient leadership model.
Filing History
IRS 990 filing history for Grace House Of Itasca County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grace House Of Itasca County's revenue has grown by 87%, moving from $330K to $617K. Total assets increased by 82.5% over the same period, from $523K to $954K. Total functional expenses rose by 290.6%, from $153K to $599K. In its most recent filing year (2023), Grace House Of Itasca County reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $617K | $599K | $954K | $0 | — | — |
| 2022 | $474K | $392K | $936K | $0 | — | View 990 |
| 2021 | $406K | $337K | $899K | $44K | — | View 990 |
| 2020 | $431K | $326K | $791K | $5K | — | — |
| 2019 | $304K | $252K | $684K | $3K | — | View 990 |
| 2018 | $302K | $234K | $632K | $3K | — | View 990 |
| 2017 | $266K | $229K | $563K | $3K | — | View 990 |
| 2016 | $303K | $227K | $526K | $2K | — | View 990 |
| 2015 | $308K | $269K | $451K | $3K | — | View 990 |
| 2014 | $291K | $258K | $451K | $43K | — | View 990 |
| 2013 | $227K | $186K | $509K | $134K | — | View 990 |
| 2012 | $261K | $191K | $447K | $113K | — | View 990 |
| 2011 | $330K | $153K | $523K | $258K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $617K, expenses of $599K, and assets of $954K (revenue +30.0% year-over-year).
- 2022: Revenue of $474K, expenses of $392K, and assets of $936K (revenue +16.6% year-over-year).
- 2021: Revenue of $406K, expenses of $337K, and assets of $899K (revenue -5.8% year-over-year).
- 2020: Revenue of $431K, expenses of $326K, and assets of $791K (revenue +42.1% year-over-year).
- 2019: Revenue of $304K, expenses of $252K, and assets of $684K (revenue +0.6% year-over-year).
- 2018: Revenue of $302K, expenses of $234K, and assets of $632K (revenue +13.6% year-over-year).
- 2017: Revenue of $266K, expenses of $229K, and assets of $563K (revenue -12.4% year-over-year).
- 2016: Revenue of $303K, expenses of $227K, and assets of $526K (revenue -1.6% year-over-year).
- 2015: Revenue of $308K, expenses of $269K, and assets of $451K (revenue +6.0% year-over-year).
- 2014: Revenue of $291K, expenses of $258K, and assets of $451K (revenue +28.1% year-over-year).
- 2013: Revenue of $227K, expenses of $186K, and assets of $509K (revenue -12.9% year-over-year).
- 2012: Revenue of $261K, expenses of $191K, and assets of $447K (revenue -20.9% year-over-year).
- 2011: Revenue of $330K, expenses of $153K, and assets of $523K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace House Of Itasca County:
Data Sources and Methodology
This transparency report for Grace House Of Itasca County 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.