Grace Institute Of New York Inc
EIN: 810844164 · New York, NY · NTEE: J30
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $3.2M |
| Net Assets | $3.4M |
Is Grace Institute Of New York Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Institute Of New York Inc
Grace Institute Of New York Inc (EIN: 810844164) is a nonprofit organization based in New York, NY, classified under NTEE code J30. The organization reported total revenue of $4.9M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Institute Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Institute Of New York Inc is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$668K |
| Total Assets | $3.5M |
| Total Liabilities | $102K |
| Net Assets | $3.4M |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Grace Institute Of New York Inc reported a surplus of $668K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Grace Institute Of New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | +8.7% | +26.9% |
| 2022 | +8.7% | +21.7% | +13.2% |
| 2021 | +21.6% | +3.8% | +44.9% |
| 2020 | -14.8% | -21.0% | +54.3% |
| 2019 | +12.6% | -14.6% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Institute Of New York Inc 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 Institute Of New York Inc 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 surplus of $668K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about Grace Institute Of New York Inc
Is Grace Institute Of New York Inc a legitimate charity?
Grace Institute Of New York Inc (EIN: 810844164) is a registered tax-exempt nonprofit based in New York. It has 8 years of IRS 990 filings on record. Total revenue: $4.9M. No red flags identified. Financial health grade: A.
How does Grace Institute Of New York Inc spend its money?
Grace Institute Of New York Inc reported $4.9M in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Grace Institute Of New York Inc tax-deductible?
Grace Institute Of New York Inc is registered as a tax-exempt nonprofit (EIN: 810844164). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grace Institute Of New York Inc located?
Grace Institute Of New York Inc is headquartered in New York, New York and files with the IRS under EIN 810844164. It is classified under NTEE code J30.
How many years of IRS 990 filings does Grace Institute Of New York Inc have?
Grace Institute Of New York Inc has 8 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 $4.9M in total revenue.
Filing History
IRS 990 filing history for Grace Institute Of New York Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Grace Institute Of New York Inc's revenue has grown by 92.8%, moving from $2.0M to $3.9M. Total assets increased by 191.9% over the same period, from $1.2M to $3.5M. Total functional expenses rose by 260%, from $884K to $3.2M. In its most recent filing year (2023), Grace Institute Of New York Inc reported a surplus of $668K, with revenue exceeding expenses. The organization holds $102K in liabilities against $3.5M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.2M | $3.5M | $102K | — | — |
| 2022 | $3.5M | $2.9M | $2.7M | $38K | — | View 990 |
| 2021 | $3.2M | $2.4M | $2.4M | $300K | — | View 990 |
| 2020 | $2.7M | $2.3M | $1.7M | $377K | — | — |
| 2019 | $3.1M | $2.9M | $1.1M | $131K | — | View 990 |
| 2018 | $2.8M | $3.4M | $889K | $127K | — | View 990 |
| 2017 | $4.0M | $3.7M | $1.5M | $97K | — | View 990 |
| 2016 | $2.0M | $884K | $1.2M | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.2M, and assets of $3.5M (revenue +9.8% year-over-year).
- 2022: Revenue of $3.5M, expenses of $2.9M, and assets of $2.7M (revenue +8.7% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.4M, and assets of $2.4M (revenue +21.6% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.3M, and assets of $1.7M (revenue -14.8% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.9M, and assets of $1.1M (revenue +12.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $3.4M, and assets of $889K (revenue -30.9% year-over-year).
- 2017: Revenue of $4.0M, expenses of $3.7M, and assets of $1.5M (revenue +100.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $884K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Institute Of New York Inc:
Data Sources and Methodology
This transparency report for Grace Institute Of New York 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.