Grace Housing
EIN: 874626378 · Okolona, MS · NTEE: L41
| Metric | Value |
|---|---|
| Total Revenue | $32K |
| Total Expenses | $49K |
| Net Assets | $528K |
Is Grace Housing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Housing
Grace Housing (EIN: 874626378) is a nonprofit organization based in Okolona, MS, classified under NTEE code L41. The organization reported total revenue of $32K and total assets of $515K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Housing is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -93.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $49K |
| Surplus / Deficit | $-9,323 |
| Total Assets | $529K |
| Total Liabilities | $724 |
| Net Assets | $528K |
| Operating Margin | -23.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 129.7 months |
Financial Health Grade: B
In 2023, Grace Housing reported a deficit of $9K with expenses exceeding revenue, holds 129.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Grace Housing's revenue has declined at a compound annual growth rate (CAGR) of -93.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.0% | +62.2% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Housing 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 Housing 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 deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Grace Housing
Is Grace Housing a legitimate charity?
Based on AI analysis of IRS 990 filings, Grace Housing (EIN: 874626378) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grace Housing spend its money?
Detailed spending breakdown data is not yet available for Grace Housing. Check back for updated IRS 990 analysis.
Are donations to Grace Housing tax-deductible?
Grace Housing is registered as a tax-exempt nonprofit (EIN: 874626378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grace Housing located?
Grace Housing is headquartered in Okolona, Mississippi and files with the IRS under EIN 874626378. It is classified under NTEE code L41.
How many years of IRS 990 filings does Grace Housing have?
Grace Housing has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $32K in total revenue.
Filing History
IRS 990 filing history for Grace Housing showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Grace Housing's revenue has declined by 93%, moving from $568K to $40K. Total assets decreased by 1.8% over the same period, from $539K to $529K. Total functional expenses rose by 62.2%, from $30K to $49K. In its most recent filing year (2023), Grace Housing reported a deficit of $9K, with expenses exceeding revenue. The organization holds $724 in liabilities against $529K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $528K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $49K | $529K | $724 | — | — |
| 2022 | $568K | $30K | $539K | $1K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Housing:
Data Sources and Methodology
This transparency report for Grace Housing 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.