Grace Is Here Foundation
EIN: 452517251 · Carson City, NV · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $2K |
| Net Assets | $735 |
Is Grace Is Here Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grace Is Here Foundation
Grace Is Here Foundation (EIN: 452517251) is a nonprofit organization based in Carson City, NV, classified under NTEE code Q33. The organization reported total revenue of $2K and total assets of $983 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Is Here Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Is Here Foundation is a micro nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -19.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | $-47 |
| Total Assets | $736 |
| Total Liabilities | $1 |
| Net Assets | $735 |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 5.1 months |
Financial Health Grade: B
In 2023, Grace Is Here Foundation reported a deficit of $47 with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Grace Is Here Foundation's revenue has declined at a compound annual growth rate (CAGR) of -19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +10.6% | -6.0% |
| 2022 | -11.1% | -6.0% | +78200.0% |
| 2021 | +5.9% | -0.1% | +0.0% |
| 2020 | +47.8% | +42.8% | +0.0% |
| 2019 | -47.7% | -4.0% | -99.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grace Is Here Foundation 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 Is Here Foundation 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 $47, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Grace Is Here Foundation
Is Grace Is Here Foundation a legitimate charity?
Grace Is Here Foundation (EIN: 452517251) is a registered tax-exempt nonprofit based in Nevada. It has 10 years of IRS 990 filings on record. Total revenue: $2K. No red flags identified. Financial health grade: B.
How does Grace Is Here Foundation spend its money?
Grace Is Here Foundation reported $2K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Grace Is Here Foundation tax-deductible?
Grace Is Here Foundation is registered as a tax-exempt nonprofit (EIN: 452517251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grace Is Here Foundation located?
Grace Is Here Foundation is headquartered in Carson City, Nevada and files with the IRS under EIN 452517251. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Grace Is Here Foundation have?
Grace Is Here Foundation has 10 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 $2K in total revenue.
Filing History
IRS 990 filing history for Grace Is Here Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Grace Is Here Foundation's revenue has declined by 92.1%, moving from $22K to $2K. Total assets decreased by 95.5% over the same period, from $16K to $736. Total functional expenses fell by 66.8%, from $5K to $2K. In its most recent filing year (2023), Grace Is Here Foundation reported a deficit of $47, with expenses exceeding revenue. The organization holds $1 in liabilities against $736 in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $735.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $2K | $736 | $1 | — | — |
| 2022 | $2K | $2K | $783 | $1 | — | View 990 |
| 2021 | $2K | $2K | $1 | $1 | — | — |
| 2020 | $2K | $2K | $1 | $1 | — | View 990 |
| 2019 | $1K | $1K | $1 | $1 | — | View 990 |
| 2015 | $2K | $1K | $299 | $1 | — | View 990 |
| 2014 | $5K | $4K | $802 | $1 | — | View 990 |
| 2013 | $12K | $11K | $1K | $1 | — | View 990 |
| 2012 | $10K | $24K | $2K | $1 | — | View 990 |
| 2011 | $22K | $5K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $2K, and assets of $736 (revenue +6.3% year-over-year).
- 2022: Revenue of $2K, expenses of $2K, and assets of $783 (revenue -11.1% year-over-year).
- 2021: Revenue of $2K, expenses of $2K, and assets of $1 (revenue +5.9% year-over-year).
- 2020: Revenue of $2K, expenses of $2K, and assets of $1 (revenue +47.8% year-over-year).
- 2019: Revenue of $1K, expenses of $1K, and assets of $1 (revenue -47.7% year-over-year).
- 2015: Revenue of $2K, expenses of $1K, and assets of $299 (revenue -56.0% year-over-year).
- 2014: Revenue of $5K, expenses of $4K, and assets of $802 (revenue -57.3% year-over-year).
- 2013: Revenue of $12K, expenses of $11K, and assets of $1K (revenue +21.3% year-over-year).
- 2012: Revenue of $10K, expenses of $24K, and assets of $2K (revenue -55.3% year-over-year).
- 2011: Revenue of $22K, expenses of $5K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Is Here Foundation:
Data Sources and Methodology
This transparency report for Grace Is Here Foundation 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.